The shrinking rainy day fund. On October 5 2015 The Boston Globe published a story headlined "state's rainy day fund has dwindled over the past decade" that said (in part): In the summer of 2007, before the massive recession began, the rainy day fund had $2.3 billion --a cushion of about 7.8 percent of total state spending, according to the Taxpayers Foundation. This summer the rainy day balance stood at $1.1 billion--about 2.7 percent of total state spending, a fraction small enough to raise a red flag for analysis. What is the percentage change in total state spending between the summer of 2007 and this past summer?
The shrinking rainy day fund. On October 5 2015 The Boston Globe published a story headlined "state's rainy day fund has dwindled over the past decade" that said (in part): In the summer of 2007, before the massive recession began, the rainy day fund had $2.3 billion --a cushion of about 7.8 percent of total state spending, according to the Taxpayers Foundation. This summer the rainy day balance stood at $1.1 billion--about 2.7 percent of total state spending, a fraction small enough to raise a red flag for analysis. What is the percentage change in total state spending between the summer of 2007 and this past summer?
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter10: Systems Of Equations And Inequalities
Section10.FOM: Focus On Modeling: Linear Programming
Problem 14P
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The shrinking rainy day fund.
On October 5 2015 The Boston Globe published a story headlined "state's rainy day fund has dwindled over the past decade" that said (in part):
In the summer of 2007, before the massive recession began, the rainy day fund had $2.3 billion --a cushion of about 7.8 percent of total state spending, according to the Taxpayers Foundation. This summer the rainy day balance stood at $1.1 billion--about 2.7 percent of total state spending, a fraction small enough to raise a red flag for analysis.
What is the percentage change in total state spending between the summer of 2007 and this past summer?
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