Fiscal Research Center
An Assessment of the State of Georgia’s Budget Reserves
An Assessment of the State of Georgia’s Budget Reserves (Carolyn Bourdeaux). In the 1970s, Georgia was one of the first states in the country to create a budgetary “reserve” fund, also called a Revenue Shortfall Reserve (RSR), “rainy day” fund or budget stabilization fund. Since then, this practice has been adopted by all but two states (Willoughby and Guo 2006). FRC Report 135 (October 2006)