Pandemic Will Force Ohio To Tap Rainy Day Fund Almost Entirely

(Columbus, OH) -- Governor Mike DeWine says the state is more than likely to use all of the state's "rainy day fund" to help offset the tremendous economic impact of the pandemic. Currently, Ohio's budget stabilization fund is sitting at roughly two-point-seven-billion dollars. A couple of months ago, the governor projected a two-point-five billion-dollar deficit heading into the next fiscal year. Instead of dipping into the fund too early, the governor, back in May, opted to cut funding for education and other government expenses to tighten the collective state belt.  

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