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Kasich Tells Lawmakers To Leave State's Rainy Day Fund Alone

Jul 12, 2018

Credit Ohio Public Radio

The state has deposited more than 650 million dollars into its rainy day fund. 

And Governor John Kasich is warning state leaders to leave it alone. Ohio Public Radio's Andy Chow reports.

Focusing on adding money to the budget stabilization fund, has been a main priority for Kasich since taking office.

Now the state has just under $2.7 billion in its reserve.

 

Kasich urges that this money is only to help cushion the fall from an economic downturn.

 

Kasich: “You know how many times politicians wanted us to spend this? This $2.7 billion, do you know how many times they would go ‘oh give me more money!’ ok? That’s what…I’m not going to be weighing in on this but that’s what I worry about in the future.”

 

Democratic lawmakers fired back saying Kasich was able to feed the rainy day fund by making large budget cuts to education and local governments.