Mountain State Spotlight – Just two years after changing it, lawmakers have taken another whack at the Rainy Day Fund formula.
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But that change could lead to problems later on, according to one policy expert.
The Rainy Day Fund — West Virginia’s emergency fund — has been around since 1994. While it’s been used to cover acts of God and the occasional budget shortfall, the main point of the fund is to help the state secure better bond ratings.
