Rainy Day Fund Strategies: A Call to Action
Best Practice Example: Indiana statutes permit transfers from the Counter-Cyclical Revenue and Economic Stabilization Fund to the general fund only when revenues have decreased by more than two percent from one fiscal year to the next. How are your state's Rainy Day Fund strategies?
From the chairman
Paul A. Volcker
“One cannot sit here in 2018 without a strong sense of concern about the future of this country, and more particularly the state of public service. Distrust and ill-will permeate attitudes toward government. Too many of the best in the assailed bureaucracy, both in Congress and in key administrative posts, have left too soon, doubting that their voices could be heard or that their goals could be achieved. That needs to change. And it won’t be easy. As a signal of my concern, I decided to establish a foundation with a mission impossible: Can we stimulate others—particularly schools of public policy, of management, of administration—to rethink how government can and should respond to the needs of the twenty-first century?”