House Approves Dipping Into Rainy Day Fund

It gets preliminary approval, but a proposal to tap the state Rainy Day Fund doesn’t get the votes it will need for final passage as it moves forward in the House. A bill to take $53-Million from the Rainy Day Fund to avoid further budget cuts advances on a 71-52 vote – not an impressive showing says House Budget Committee Chairman Tim Green of St. Louis. It takes two-thirds votes in both the House and Senate to use money from the fund. Democrats voted for the measure, proposed by Governor Holden.Republicans oppose it.