COLUMBUS, Ohio - Ohio officials are adding $235 million to the state's rainy day fund, a move they say was made possible by solid tax revenue growth and under-spending in the Medicaid program.
The transfer of surplus dollars brings the fund's balance to $482 million, far exceeding the 89 cents it held when Gov. John Kasich (KAY'-sihk) took office at the beginning of 2011.
The emergency fund already held about $247 million when the fiscal year ended June 30.
The Republican governor said Tuesday he wasn't going to spend the money, even if others call for it.
Some Democrats have said more should be done to help schools and local governments that have grappled with state budget cuts.
Kasich said Ohio has made economic gains, but still faces uncertainty.
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