Best Practices for State Rainy Day Funds in Nebraska

Robert Zahradnik, principal officer for The Pew Charitable Trusts’ state fiscal health project, testified  Sept. 22 before Nebraska’s Appropriations Committee about best practices for state rainy day funds. He presented research by the project on savings strategies to mitigate revenue volatility, setting withdrawal conditions for rainy day funds, and determining the optimal amount to save according to state-specific needs.