$1-Million Added to Columbus's Rainy Day Fund


COLUMBUS, Ohio (WTVN)--There's an additional $1-million in the rainy day fund for the city of Columbus.

Mayor Andrew Ginther says the contribution allows the city to be better prepared for any near or long-term downturns in the economy.

The deposit will increase the fund's balance to $80.6-million, exceeding the goal of it reaching $80-million by 2020.

Ginther says the latest contribution was the result of tax revenue, and an increased focus on reducing spending.

The announcement comes as the mayor and city council continue to work on the city's operating budget for 2020, with council's Finance Committee holding a meeting on Wednesday to talk about the budget proposal.