From empty to overflowing in a flash

The rainy day fund hadn't topped $1 billion since 2009, when lawmakers emptied reserves while dealing with the Great Recession. But less than three years after the new fiscal guardrails were adopted in October 2017, the fund had reached it legal maximum.

Note: * At legal maximum equal to 15% of the General Fund.
Chart: José Luis Martínez / CT MirrorSource: Office of Policy and Management Fiscal Accountability Report November 2023, Office of the Comptroller Fiscal Year End reportsCreated with Datawrapper