rainy day fund
noun
US
: a fund of money set aside especially by a government to be used during a time of revenue shortfalls or budget deficits
Example Sentences
Recent Examples on the Web Adding more money to the rainy day fund and creating the payroll reserve also was intended to serve another purpose, as the Bibb administration prepares to issue bonds for annual spending on capital projects. 
Courtney Astolfi, cleveland, 19 July 2022 On the campaign trail, Republican gubernatorial candidate Bob Stefanowski of Madison has repeatedly said that the state should offer tax cuts of $1 billion, representing about one-third of the rainy day fund. Christopher Keating, Hartford Courant, 7 July 2022 The remaining $200 million will go into the rainy day fund — elevating it from $3.1 billion to $3.3 billion, which equals 15% of the General Fund for the new fiscal year. Keith M. Phaneuf, Hartford Courant, 21 July 2022 The transfer entails $20 million from the general fund that will be moved into the rainy day fund, bringing its total balance up to $65 million -- enough to cover 36 days’ worth of city operations. Courtney Astolfi, cleveland, 19 July 2022 Lamont came to office with a $1.2 billion cushion in the rainy day fund. Mark Pazniokas And Keith M. Phaneuf, courant.com, 31 Mar. 2022 The city routinely stashes money away in its rainy day fund for such circumstances, but this year’s contribution is much larger than in previous years. Courtney Astolfi, cleveland, 19 July 2022 And unlike public ambulance services, private companies don't have a rainy day fund or money coming in from taxpayers to fall back on. Brooks Sutherland, The Enquirer, 8 July 2022 As such, that money has been set aside in the rainy day fund for fiscal emergencies that has now reached about $7 billion. Christopher Keating, Hartford Courant, 7 July 2022 See More
Courtney Astolfi, cleveland, 19 July 2022 On the campaign trail, Republican gubernatorial candidate Bob Stefanowski of Madison has repeatedly said that the state should offer tax cuts of $1 billion, representing about one-third of the rainy day fund. Christopher Keating, Hartford Courant, 7 July 2022 The remaining $200 million will go into the rainy day fund — elevating it from $3.1 billion to $3.3 billion, which equals 15% of the General Fund for the new fiscal year. Keith M. Phaneuf, Hartford Courant, 21 July 2022 The transfer entails $20 million from the general fund that will be moved into the rainy day fund, bringing its total balance up to $65 million -- enough to cover 36 days’ worth of city operations. Courtney Astolfi, cleveland, 19 July 2022 Lamont came to office with a $1.2 billion cushion in the rainy day fund. Mark Pazniokas And Keith M. Phaneuf, courant.com, 31 Mar. 2022 The city routinely stashes money away in its rainy day fund for such circumstances, but this year’s contribution is much larger than in previous years. Courtney Astolfi, cleveland, 19 July 2022 And unlike public ambulance services, private companies don't have a rainy day fund or money coming in from taxpayers to fall back on. Brooks Sutherland, The Enquirer, 8 July 2022 As such, that money has been set aside in the rainy day fund for fiscal emergencies that has now reached about $7 billion. Christopher Keating, Hartford Courant, 7 July 2022 See More Word History
First Known Use
1883, in the meaning defined above