Analysis: Is state's record 'rainy day fund' balance proof of fiscal achievement?

The state’s “rainy day” fund — spent down to essentially nothing during the 2015-2017 budget impasse — now has its highest balance of $750 million after a $320 million deposit this week. While statutory fund transfers don’t usually make for headline fodder, the fact that the state is socking away money is a rarity worthy of a deeper look.

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