Michigan rainy day fund

7:00 am
Mon February 4, 2013

Snyder criticized over large "rainy day fund"

Liberals say money could help families suffering hardship, conservatives call for reducing taxes
Most people agree that it makes sense for a state -- or a household -- to have savings set aside in case an emergency arises. But as Gov. Rick Snyder prepares to deliver his third budget address on Thursday, the size of Michigan's Rainy Day Fund has become a subject of controversy.