By Hoppy Kercheval
NEW YORK, NY – Gov. Earl Ray Tomblin will propose using $85 million from the state’s Rainy Day reserve fund to balance the 2016 fiscal year budget, according to Fitch Ratings. If approved by the Legislature it will make the second year in a row the state has had to tap into savings to balance the budget.
Last year, the state needed $100 million from the emergency account to achieve a balanced budget. Even after the withdrawal, the state...