statefunds

noun
UK /ˈsteɪt fʌndz/
US /ˈsteɪt fʌndz/

Money that a government keeps to pay for things everyone needs.

The statefunds paid for the new road and the public library.


OTHER MEANINGS

2. Money set aside by a state for schools and hospitals.

Lawmakers voted to increase statefunds for rural schools.

3. Savings held by a state government for emergencies.

The governor tapped statefunds to help towns after the flood.

4. Financial resources controlled by a regional government.

Statefunds were used to build the new highway bridge.