Each North Carolina taxpayer’s financial burden equals $11,200. Read report here: 2009 North Carolina Financial State of the State Share and Enjoy:
(Carolina Journal) While the North Carolina Speaker of the House Joe Hackney asserts the state balances its budget every year, other legislators such as Dale Folwell (R- Forsyth County) disagree. Folwell warns, “We are going to have a budget catastrophe when Pay-Go comes together with the annual required contribution.” North Carolina currently has a total [...]
July 2, 2010 – What if you went to the grocery store, charged the groceries to your account and ate the food. Then you don’t pay your account until next year. Does this mean you didn’t eat the food and can ignore your grocery bill? Yes, if you are a North Carolina legislator. Next year [...]
(WRAL.com) After hammering out an agreement over the weekend, the House and Senate were prepared to approve the 2010-11 state budget before the new fiscal year begins Thursday. Lawmakers were expected to review the final draft of the $19 billion budget Monday afternoon before reading it into the record, which would allow the required votes [...]
(WTVD) – The House is considering deeper budget cuts to North Carolina’s education system The Senate passed its version of the state budget Thursday, sparing some education programs, but the House may want to cut $200 million from education. The already strapped system has teachers fighting for their jobs. “We plead with our General Assembly [...]
(Associated Press) Gov. Beverly Perdue’s proposal to adjust North Carolina’s state budget is expected to include lots of spending cuts but no broad tax increases. Perdue was scheduled to roll out Tuesday morning her recommended changes to the second year of the two-year budget approved by the General Assembly last summer. The fiscal situation facing [...]
North Carolina Comptroller’s website: http://www.ncosc.net/index.html North Carolina’s Comprehensive Annual Financial Reports can be found at: http://www.ncosc.net/financial/ North Carolina is required to pass a “balanced budget”. Article III, Section 5 of the 1971 Constitution states that the total expenditures of the State for the fiscal period covered by the budget shall not exceed the total of [...]
