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Data Observations, A Free Spin with Ambr & Holiday Wishes

December 25, 2012

We start this week with a look at the Stabilization (or rainy day) Funds of the States (“Fund”).  As most know, these Funds are created to help ensure budgets can be balanced when revenues don’t materialize as planned.
-Gregg Bienstock, ceo and co-founder, Lumesis

 

This week’s commentary will provide some observations and insight on data recently released and try and stoke your thinking as the folks in DC play with us.  We will conclude with our annual holiday wish and a reminder regarding Ambr

Before doing so, we want to express our heartfelt condolences to all those affected by the tragic events of December 14 at the Sandy Hook Elementary School, here in our home State of Connecticut.  Our thoughts and prayers are with the souls of those lost, their families and friends, all of the first responders involved and all that were impacted by these events.  While difficult to see in these days following the shootings, we hope that some good, somehow, can come of this awful event. 

We start this week with a look at the Stabilization (or rainy day) Funds of the States (“Fund”).  As most know, these Funds are created to help ensure budgets can be balanced when revenues don’t materialize as planned.  Historically, a rule of thumb has been that the Fund balance should be 5% of total expenditures.  However, in recent years, there have been calls by some suggesting this “rule” be higher. 

 

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