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You are here: Home / Legislature / House Approves Dipping Into Rainy Day Fund

House Approves Dipping Into Rainy Day Fund

April 9, 2002 By admin Leave a Comment

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.

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Filed Under: Legislature Tagged With: Bob Holden, budget

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