By Brian McLean, Peninsula Daily News
PORT HADLOCK — If there’s one thing that keeps state Treasurer Duane Davidson up at night, it’s Washington’s Rainy Day Fund.
Davidson, a Republican, spoke about the state debt, a funding directory to help local governments seek grants and amending federal law to allow state banks to finance the cannabis industry, at the Old Alcohol Plant on Thursday.
He answered a question from an East Jefferson Rotary Club member about his biggest fear.
“Our Rainy Day Fund doesn’t have an adequate balance right now because the state Legislature keeps raiding it,” Davidson told about 30 people.
“I keep telling them they need to adopt an Eastern Washington mentality for the Rainy Day Fund. The fact that it rains here doesn’t mean they need to keep spending it.”
Davidson, 60, served four terms as the Benton County treasurer in the Tri-Cities. He said an appropriate Rainy Day Fund amount would be up to two months of the state’s operational cash.