rainy day fund http://michiganradio.org en How much money should Michigan keep in its piggy bank? http://michiganradio.org/post/how-much-money-should-michigan-keep-its-piggy-bank <p>LANSING, Mich. (AP) - Gov. Rick Snyder and lawmakers don't agree on how much money to set aside in Michigan's savings account.</p><p>The rainy day fund was nearly empty when the Republican governor took office after a decade of job losses and budget crises. He successfully built it back up to more than $500 million and is hoping to add another $75 million.</p><p>Snyder says a healthy cash reserve is good for the state's credit rating and prudent in case there are future economic downturns.</p><p>But the GOP-led Senate next week is expected to approve a budget without extra money in the account. Some legislators say savings are robust and the $75 million should go to other priorities instead.</p><p>The House is more in line with Snyder. Lawmakers will negotiate their differences next month. Fri, 26 Apr 2013 14:43:33 +0000 The Associated Press 12303 at http://michiganradio.org How much money should Michigan keep in its piggy bank?