HB 7; 2R - Strengthen Savings Reserve

Strengthen Savings Reserve Would require 15 percent of annual projected state revenue increases be set aside into the state’s Rainy Day Fund. This, along with other measures restricting the ease with which funds from the account can be appropriated, will better grow and preserve the savings reserved for difficult fiscal times.

Civitas believes prudent, fiscally responsible measures such as this helps the long-term financial health of the state and protects taxpayers. The conservative vote is yes.

House: 2R, RCS #7 (110-3)