State’s emergency reserve grows to historic highs — The Budget Stabilization Fund, more commonly referred to as the Rainy Day Fund, has made history under Comptroller Mendoza’s administration. On March 29, 2023, Mendoza announced a $150 million transfer to the Rainy Day Fund, bringing the fund’s balance to a record-high amount of $1.22 billion. As this chart shows, the projected amount of the Rainy Day Fund by the end of this current fiscal year, on June 30, $1.9 billion.