EDITORIAL: Rainy Day Fund: Dip in now or when the fiscal storm grows worse?

Baltimore’s Board of Estimates, the five member group that manages city finances, will face a choice on Wednesday over whether to authorize up to $25 million be withdrawn from the city’s rainy day fund (a.k.a. the “budget stabilization reserve”) to cover budget shortfalls related to the pandemic. For the average Baltimorean, this might seem irrelevant (As long as they aren’t raising taxes or reducing city services, why should I care?). But it’s actually a rather significant milestone. (Balt Sun)

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