How to weather a recession? Save for a rainy day.

In a recent study from the Mercatus Center, looking at just how prepared states are for the next recession, NC ranks 27th.  But keep in mind, they used figures from FY 2105.  Considering NC added another $1 billion into our savings account in this year’s budget, we’re in very good shape heading into future economic challenges.  And a note for 2017 – we need to add even more to our savings.  Fiscally prudent, economically sound.

*move the green bar up another $1 Billion and thank your legislator for smart, responsible leadership.

Rainy Day Fund Charts

Becki Gray / Senior Vice President of Government Affairs and Outreach

Becki Gray is Senior Vice President of the John Locke Foundation. She provides information, consultation, and publications to elected officials, government staff and other dec...