U.S. Chamber of Commerce: "As governor, Ted Strickland left only 89 cents in Ohio's rainy day fund."

A checked claim

As governor, Ted Strickland left only 89 cents in Ohio's rainy day fund.

U.S. Chamber of Commerce (organization) · A U.S. Chamber of Commerce attack ad · September 2016 · Race: U.S. Senator from Ohio

About Ted Strickland.

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The checks

Each in the checker's own words. This site does not restate another organization's finding in its own voice.

True

PolitiFact, September 8, 2016 · read the check

Our check against the record

Matches the record

Checked against Ohio Budget Stabilization Fund balance, hand-transcribed by this site from the Office of Budget and Management's annual continuing disclosures for Fiscal Years 2011 and 2012: the fund was emptied in Fiscal Year 2009 ("a $-0- balance in the BSF"), when the Governor, with General Assembly approval, used the entire remaining $949 million to cover a revenue shortfall, and it next received money, $246.9 million, in the transfer after Fiscal Year 2011 closed on June 30, 2011, six months after Strickland left office.

The records: State of Ohio annual continuing disclosure, Fiscal Year 2011 (pages 9, 19 and 21) · State of Ohio annual continuing disclosure, Fiscal Year 2012 (pages 10, 13 and 20)

Budget Stabilization Fund balance at fiscal year end, OhioBudget Stabilization Fund balance at fiscal year end, Ohio ran from 0 in 2009 to 2,692 in 2019, between 0 and 2,692 across the series; the date of the claim, 2016-09-08, is marked.Source: Ohio Office of Budget and Management: Annual continuing disclosures (Fiscal Years 2011 and 2012) and Appendix A, Information Concerning the State of Ohio (Fiscal Year 2019 edition) · as of 2026-10-15 · Download this chart

The numbers behind this figure, as a table

Budget Stabilization Fund balance at fiscal year end, Ohio
Series	When	millions of dollars
Budget Stabilization Fund balance at fiscal year end, Ohio	2009	0
Budget Stabilization Fund balance at fiscal year end, Ohio	2011	246.9
Budget Stabilization Fund balance at fiscal year end, Ohio	2012	482
Budget Stabilization Fund balance at fiscal year end, Ohio	2013	1,480
Budget Stabilization Fund balance at fiscal year end, Ohio	2014	1,477.90
Budget Stabilization Fund balance at fiscal year end, Ohio	2015	2,004.60
Budget Stabilization Fund balance at fiscal year end, Ohio	2016	2,034.10
Budget Stabilization Fund balance at fiscal year end, Ohio	2017	2,034.10
Budget Stabilization Fund balance at fiscal year end, Ohio	2018	2,691.60
Budget Stabilization Fund balance at fiscal year end, Ohio	2019	2,691.60

Context

The ad referenced the balance of Ohio's Budget Stabilization Fund at the end of Strickland's governorship in January 2011.

Topics: Economy, 2016 U.S. Senate.

Other claims by U.S. Chamber of Commerce

None found in the records checked

Every claim filed under U.S. Chamber of Commerce

Sources

2016-09-08-us-chamber-of-commerce-strickland-89-cents · PolitiFact · 2016-09-08 · accessed 2026-09-19
State of Ohio annual continuing disclosure, Fiscal Year 2011 (pages 9, 19 and 21) · Ohio Office of Budget and Management · accessed 2026-10-15
State of Ohio annual continuing disclosure, Fiscal Year 2012 (pages 10, 13 and 20) · Ohio Office of Budget and Management · accessed 2026-10-15

Cite and data

Cite this page as:

Cracked Buckeye, "U.S. Chamber of Commerce: "As governor, Ted Strickland left only 89 cents in Ohio's rainy day fund."", https://crackedbuckeye.com/claims/2016-09-08-us-chamber-of-commerce-strickland-89-cents/, built 2026-11-03, accessed [date].

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