Governor Tom Wolf announced Wednesday that Pennsylvania’s Rainy Day Fund has reached a record high of nearly $5 billion.

Wolf’s administration oversaw a $2.1 billion deposit into the Rainy Day Fund, which doubled the size of the state’s emergency preparedness fund in a single deposit.

“Over the past seven years, my administration has righted Pennsylvania’s shaky finances through sound fiscal management,” Wolf said. “When I took office, Pennsylvania was operating with a $2-3 billion budget deficit, and the Rainy Day Fund had fallen to a mere $231,800.”

The new investment to the Rainy Day Fund was the second largest in the state’s history, with the largest deposit coming just last year at $2.6 billion.