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We have exhausted our $436 million credit line known as the Rainy Day Fund.
Finally, if you have nothing else to do today, you can peruse this cool site, called Rainy Day Magazine.
Texas also will have about $9 billion in the so-called Rainy Day Fund, but that money can't be used without a two-thirds vote of the Legislature -- a hurdle that may be too high with the new wave of fiscally conservative freshman Republican lawmakers.
Texas lawmakers faced with $15 billion shortfall - Yahoo! Finance
The two biggest and most popular sources of new money: The so-called Rainy Day Fund and old-fashioned, smoke-and-mirrors accounting gimmicks.
House aides said negotiators also had agreed on using just $3.1 billion from the so-called Rainy Day Fund, several hundred million less than the Senate had proposed.
-- The status of what's known as the Rainy Day Fund (one of the state's main savings accounts),
At issue is the state's so-called Rainy Day Fund, which is expected to have a balance of over $9 billion by 2011.
One proposed "solution" is to take money out of the Budget Stabilization Fund, commonly referred to as the Rainy Day Trust Fund.
Latest news releases on Louisiana Politics, Business, Sports, Entertainment, Louisiana, USA and World News
But the Rell administration has been adamant that the legislature and executive branch should avoid tapping that so-called Rainy Day Fund this year, if only because it will almost certainly be needed to craft a budget for the fiscal year that begins July 1.
Henderson urged Markell to focus more on eliminating waste in state government -- something the governor has stressed -- and to tap the state's so-called Rainy Day Fund, a budget reserve meant for emergencies.
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