I’m voting no. Not a Fed fan but it is SUPER easy to see quick money and ignore risk with situational investments. If all the GA were licensed investment managers…maybe. But more often than not what is hot today turns out to be a burn tomm.

The FY 2023 Total Operating Budget is $47,495,040,237 or around $7500 per resident ballpark. 3 billion compared to 47 billion is a very bad rounding error. One thing I saw pre pandemic said fed funds were about a third of state budget.

I would support safe haven banking near fed funds level for the year, an option to spend for rare or random needs within a no more than 33% of the excess funds at hand scenario…and at second year of excess funds drop it to 15%. After the second year the surplus is sent as a check to state taxpayers.

I need the govt to do their job and not much more. I don’t need more govt. I’m ok with fixing things up that need it. A lot of times it makes sense for maintenance because a dollar spent today is 10 tomm…but the state should not be hoarding cash and then expecting to make more money. A very bad path to go down.