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The days will soon be wet. States should allocate funds proportionately.

Many states continue to enjoy enormous budget surpluses. Maryland has a $2.5 billion surplus, plus another $3 billion in its rainy-day account. Outgoing Maryland Gov. Larry Hogan is calling on state lawmakers to maintain a 12 percent of general fund reserve. Maryland Gov. Glenn Youngkin proposes another $1 billion in tax cuts. He would decrease the top marginal tax rate to 5.5 percent from 5.75 percent. In fiscal year 2008, the median rainy-day balance was 4.8 percent as a share of spending.