NASBO: N.C. has largest rainy day fund balance in Southeast

The National Association of State Budget Officers (NASBO) Fiscal Survey of the States Spring 2018 is out!

With a rainy day fund balance of over $1.8 billion, North Carolina has the best funded rainy day fund of any state in the Southeast.  Florida is second with $1.4 billion.

North Carolina’s rainy day fund is 8 percent of total expenditures, which is one of the highest in the Southeast.