Amid budget storm, no more “rainy day” fund

Published



The District’s $131-million fiscal wound is partially self-inflicted, after the city eliminated a once-mandatory rainy day fund.

In his Thursday proposal to trim the city’s budget, Mayor Adrian Fenty acknowledged that D.C. no longer was setting aside money in a so-called operating cash reserve. For years, Congress required the District to set aside tens of millions in case of economic crisis.

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