02/04/2013 10:43 am ET

Michigan Gov. Rick Snyder Takes Heat Over $500-Million Surplus In State's Rainy Day Fund

LANSING -- Most people agree that it makes sense for a state -- or a household -- to have savings set aside in case an emergency arises.

But as Gov. Rick Snyder prepares to deliver his third budget address on Thursday, the size of Michigan's Rainy Day Fund has become a subject of controversy.

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