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

Gov. Snyder Catching Flak For State Rainy Day Fund
Michigan Gov. Rick Snyder delivers his third annual State of the State address to a joint session of the state Legislature in the Capitol, Wednesday, Jan. 16, 2013. Generating new money for Michigan's transportation network was the centerpiece of Snyder's address. (AP Photo/Carlos Osorio)
Michigan Gov. Rick Snyder delivers his third annual State of the State address to a joint session of the state Legislature in the Capitol, Wednesday, Jan. 16, 2013. Generating new money for Michigan's transportation network was the centerpiece of Snyder's address. (AP Photo/Carlos Osorio)

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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