Gov. Haley Barbour Tuesday signed legislation that fully fills Mississippi’s rainy-day fund for the first time in nearly a decade.

The working cash stabilization fund, as the rainy-day fund is officially known, will contain $378 million at the end of the current fiscal year on June 30. The amount was prescribed in SB 2912, the Budget Reconciliation Act of 2008.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.