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La. ‘rainy day’ fund balance considered low

LOUISIANA SPOTLIGHT

Because of a projected $500 million surplus, Louisiana’s savings account for troubled financial times will receive a sizable $125 million bump in its deposits. But the “rainy day” fund still will remain below its peak after years of depletion to fill budget gaps.

While other states have focused on rebuilding their reserves since the last recession, Louisiana spent those years c…

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