by JLF Staff
It’s times like this that we are reminded about the importance of a solid rainy day fund. Following the devastating aftermath of Hurricane Matthew, North Carolina had $1.6 billion in disaster-relief and rainy-day funds set aside for such an emergency. This was a result of legislative leaders’ commitment to “record rainy day funding to prepare for future natural disasters.”Aside from complications surrounding Hurricane Matthew recovery efforts, preparing for future uncertainty is a responsible strategy. As Hurricane Florence tears across North Carolina, the motivation behind the difficult decisions to set aside funds for rainy day savings is obvious. We will undoubtedly need all the help we can get.