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State should put more money in rainy day fund, Massachusetts Treasurer says

FEBRUARY 26, 2020 | by Colin Young | BOSTON BUSINESS JOURNAL

By Colin Young, includes “In recent years, buoyed by a strong stock market and surplus state revenues, Massachusetts financial managers have been able to sock away hundreds of millions of dollars into the state's Stabilization Fund. That account now stands at its highest-ever level. …” (Note: Truth in Accounting calculates that Massachusetts “Money Needed to Pay Bills” was more than $82 billion in its latest fiscal year, and the state ranked 47th out of 50 for this amount on a per-taxpayer basis.)

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