To that end, my budget includes a record high reserve in the Rainy Day fund who of $1.3 billion. Just imagine, 10 years ago, the Rainy Day Fund had a balance of $330 million. Four years ago, due to the pandemic, [the Rainy Day Fund] was drained to zero. We made smart fiscal decisions and we instituted prudent policies to protect ourselves. We should pause and note those of us who were here two years ago can be gratified knowing we are responsible for being responsible. (10:14–10:18)
CLAIM
Asserts that the Rainy Day Fund was depleted to zero four years ago due to the pandemic.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
