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Legislature tags $150M for rainy day fund

  • BRUCE ASATO / BASATO@STARADVERTISER.COM

    The House of Representatives, left, met with Senate leaders to negotiate bills before deadline Friday.

  • BRUCE ASATO / BASATO@STARADVERTISER.COM

    State Sen. Gilbert Keith-Agaran, chairman of the Senate’s Judiciary and Labor Committee, wore a wig — along with staff members — in a conference committee meeting Friday at the Capitol.

House and Senate leaders agreed Friday to deposit $150 million into the state’s budget reserve, or “rainy day fund,” to prepare state government for the next recession, an unprecedented move that boosts the amount of cash stashed in the fund to more than $250 million. Read more

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