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State Auditor Galloway critical of management of rainy day fund

State Auditor Nicole Galloway held news conference Tuesday in the Missouri Capitol to discuss her office’s audit of the Budget Reserve Fund, also known as the state’s “rainy day fund.”

In a news release Galloway’s office said the audit looks at whether Missouri is prepared for an economic downturn. Galloway, a Democrat running for governor in the 2020 election, was critical of the fund’s management, saying it puts the state in fiscal danger in the event of an economic downturn.

Playback of the live video stream is available in the player below.

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Copyright 2019 KMIZ

ABC 17 News Team


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