Thursday, February 25, 2010

Rainy Day Fund

Should the state ad a constitutional amendment to create a rainy day fund, or reserve fund that sets aside a certain amount of revenues?

Sounds like it's worked pretty well in Okla., where they have a $600 million banked for emergencies, and are going to use some of it to avoid more drastic cuts to services.

The one thing about changing the constitution is that voters would have to approve it. Why couldn't the lawmakers pass a law requiring them to do it and not go the trouble of messing with the constitution? Probably because they might find away around the law .......

1 comment:

s1w said...

I heard about this yesterday on AM Radio. Kansas does have a law saying the St Government set aside some every year. Thing is, since it is a law, the KS Governement can bypass it using a motion, and take the money and use it for something else. Having an amendment prevents them from doing so.