California Lawmakers Pass ACA 20 to Double Rainy Day Fund Cap

California Legislature passes 'rainy day' fund bill

(The Center Square) – The California Assembly and Senate passed a constitutional amendment on Thursday that would increase the state’s “rainy day” fund from 10% to 20% of general fund revenues.

Save for California’s Future Act to strengthen rainy day fund, protect future generations

Gov. Newsom, the Assembly, and the Senate have announced the Save For California’s Future Act — a constitutional amendment that strengthens the rainy day fund to better prepare for economic uncertainty and protect future generations of Californians.

CA Democrats pitch ‘rainy day fund’ expansion. GOP warns more spending to follow

Legislative Democrats on Wednesday pitched changes to a California budget reserve fund that would allow the state to set aside more money during times of flush revenues and use the savings to pay off more types of debt. The fund,…