From 89 Cents to $482 Million

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   Ohio officials are adding $235 million 
to the state's rainy day fund, a move they said Tuesday was made 
possible by solid tax revenue growth and under-spending in the Medicaid 
program.

The transfer of surplus dollars brings the fund's 
balance to $482 million, far exceeding the 89 cents it held when Gov. 
John Kasich took office at the beginning of 2011. The emergency fund 
held about $247 million when the fiscal year ended June 30.

"This
 is a very good news day," Kasich told reporters in a conference call. 
"We're putting money in the bank, which is what every family wants to do
 to make sure they're strong."

Full Story: http://www.zanesvilletimesrecorder.com/article/20120705/NEWS01/207050311

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Middletown News Members Profile Send Private Message Find Members Posts Visit Members Homepage Add to Buddy List Prominent MUSA Citizen Joined: Apr 29 2008 Location: United States Status: Offline Points: 1100	Post Options Post Reply Quote Middletown News Report Post Thanks(0) Quote Reply Topic: From 89 Cents to $482 Million Posted: Jul 05 2012 at 12:42pm
	Ohio officials are adding $235 million to the state's rainy day fund, a move they said Tuesday was made possible by solid tax revenue growth and under-spending in the Medicaid program. The transfer of surplus dollars brings the fund's balance to $482 million, far exceeding the 89 cents it held when Gov. John Kasich took office at the beginning of 2011. The emergency fund held about $247 million when the fiscal year ended June 30. "This is a very good news day," Kasich told reporters in a conference call. "We're putting money in the bank, which is what every family wants to do to make sure they're strong." Full Story: http://www.zanesvilletimesrecorder.com/article/20120705/NEWS01/207050311
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