JEFFERSON CITY, Mo. (AP) — After a couple years of robust tax collections, states across the U.S. are better prepared than ever to weather a potential recession, according to a report released Monday that examines states’ savings.

The good news in the report from Moody’s Analytics is tempered by the reality that one-fifth of all states still have nowhere near enough money set aside to survive a recession without resorting to spending cuts or tax hikes. And some states with healthy surpluses haven’t specifically designated them for rainy day funds, meaning lawmakers and governors still could spend the money before a recession occurs.

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