From 89 Cents to $482 Million
Printed From: MiddletownUSA.com
Category: Outside World
Forum Name: News, Info and Happenings outside Middletown
Forum Description: It might be happening outside Middletown, but it affects us here at home.
URL: http://www.middletownusa.com/forum/forum_posts.asp?TID=4649
Printed Date: Jun 17 2024 at 10:57am
Topic: From 89 Cents to $482 Million
Posted By: Middletown News
Subject: From 89 Cents to $482 Million
Date Posted: Jul 05 2012 at 12:42pm
Ohio officials are adding $235 million
to the state's rainy day fund, a move they said Tuesday was made
possible by solid tax revenue growth and under-spending in the Medicaid
program.
The transfer of surplus dollars brings the fund's
balance to $482 million, far exceeding the 89 cents it held when Gov.
John Kasich took office at the beginning of 2011. The emergency fund
held about $247 million when the fiscal year ended June 30.
"This
is a very good news day," Kasich told reporters in a conference call.
"We're putting money in the bank, which is what every family wants to do
to make sure they're strong."
Full Story: http://www.zanesvilletimesrecorder.com/article/20120705/NEWS01/207050311 - http://www.zanesvilletimesrecorder.com/article/20120705/NEWS01/207050311
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