State Spending and Taxes for May | Beaufort County Now | State agencies continued to hold back spending in May. General Fund appropriations for the month of May were down 3% compared to May 2019 to $2.289 billion, according to the latest report from the State Controller. | john locke foundation, state spending, taxes for may, state agencies, june 10, 2020

Coronavirus Disease 2019 (COVID-19)

State Spending and Taxes for May

Publisher's note: The author of this post is Joseph Coletti for the John Locke Foundation.

    State agencies continued to hold back spending in May. General Fund appropriations for the month of May were down 3% compared to May 2019 to $2.289 billion, according to the latest report from the State Controller. Appropriations are up 0.9% for the eleven months through May to $21.372 billion, which marks a downshift since January when appropriations were running 3.7% ahead of last year.

    General Fund revenue for the month was $43 million ahead of 2019 at $1.78 billion, but revenue for the year was $688 million (3.0%) behind last year, and $973 million (4.25%) below target, at $21.732 billion.

    Appropriations outpaced revenue by $509 million for the month, but are $547 million less than revenue for the year. Adding the $547 million to the $1.6 billion cash balance leaves $2.141 billion unreserved balance for now.

    Fiscal Research said last month that General Fund revenue would likely be $1.6 billion less than budgeted by the end of June, and another $2.6 billion behind next fiscal year. Gov. Cooper needs to take more active steps to reduce spending this month and he needs to prepare state agencies for continued lean budgeting from July onward.


Latest Op-Ed & Politics

More evidence that the Jan. 6 Capitol riot was a leftist False Flag
New research finds that federal regulation leads to an increase in deaths, and North Carolina is one of the states most affected.
This is a profile of the terrorists who attacked the US 1983
Kevin Daley of the Washington Free Beacon highlights a campaign to punish two high-profile U.S. senators.
Sixty percent of battleground voters view Democrats’ latest effort to impeach President Donald Trump as another “waste of time and money” and are seeking an orderly transition of power, a leaked internal shows.
Another example of how the globalist Facebook uses its power to impose its political ideology


Come with us on Part II of Wolfman and The Guardians' journey through the streets of our nation's capitol. These stories are only available exclusively here at BCN!
In a year of bad actions by very bad people, this is by far the worst done to destroy this Constitutional Republic. Anyone telling you different is either a liar, a Stupid or those that truly hate our United States Constitution.
David Harsanyi writes for National Review Online about recent signs of Americans’ collective embrace of extreme political positions.
This man sets and example for us all
Naomi Lim of the Washington Examiner reports on special plans for President-elect Joe Biden’s inauguration next week.
Less than a year after an audit of the N.C. Department of Transportation found massive overspending, a blue-ribbon panel is recommending the department get a 40% budget hike.


Today, America's second Fake Impeachment of Donald J. Trump, just days before he leaves office, may speak more about those Impeaching the President than he who is indicted.
For the last four years, Donald Trump kept back the tide. But now, it’s up to Congress.
In her fine opinion piece for the Martin Center, Megan Zogby bemoans the “Quixotic” requirement that North Carolina college and university students take between two and four courses in a language such as Spanish, French, or German.
Andrew McCarthy of National Review Online admits early in his latest column that he believes President Trump has “committed impeachable conduct.”
With civic and political conflict headlining the news nearly every day, I’ve been searching for a bright spot on which to pin my hopes for reconciliation in this country.
According to Politico, Sunday’s rehearsal for Joe Biden’s inauguration has been postponed due to safety concerns, with the rehearsal now being planned for Monday.
Get a good cup of coffee and decompress with The Wolfman as he gives us his account of what really happened on the ground in DC. This is an exclusive series that will not be found anywhere but BCN.


Back to Top