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34 Results found for debt affordability

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The U.S. credit rating was given a negative outlook by Moody’s Investor Service in part due to the ballooning U.S. debt.
The U.S. credit rating was given a negative outlook by Moody’s Investor Service in part due to the ballooning U.S. debt.
 
The only member of the “Big Three” agencies that has not downgraded the U.S. credit rating from “AAA” status warned that another government shutdown would make the United States look weak compared to other top-rated nations.
The only member of the “Big Three” agencies that has not downgraded the U.S. credit rating from “AAA” status warned that another government shutdown would make the United States look weak compared to other top-rated nations.
 
Especially during an election season, taxpayers must be wary of calls to expand government
Especially during an election season, taxpayers must be wary of calls to expand government
 
Thanks to fiscally conservative policies of spending restraint and saving, state debt continues to trend downward as highlighted in the Debt Affordability Advisory Committee’s (the Committee) annual report submitted to the Governor and General Assembly last week.
Thanks to fiscally conservative policies of spending restraint and saving, state debt continues to trend downward as highlighted in the Debt Affordability Advisory Committee’s (the Committee) annual report submitted to the Governor and General Assembly last week.
 
Combined General and Transportation Funds' Debt Service is Projected to Peak at 2.61% in FY 2023
Combined General and Transportation Funds' Debt Service is Projected to Peak at 2.61% in FY 2023
 
Let’s applaud Governor Roy Cooper for recognizing that North Carolina’s public infrastructure is inadequate.
Let’s applaud Governor Roy Cooper for recognizing that North Carolina’s public infrastructure is inadequate.
 
North Carolina is poised to make great gains as we recover from the pandemic.
 
This nearly one-third reduction of state debt frees up the General Funds budget for other priorities, as annual debt service payments become less burdensome.
This nearly one-third reduction of state debt frees up the General Funds budget for other priorities, as annual debt service payments become less burdensome.
 
Gov. Roy Cooper is again pushing for a multibillion-dollar infrastructure bond, but Republican leaders caution that North Carolina’s still-unsteady economy makes it impossible to tell whether it would be prudent.
Gov. Roy Cooper is again pushing for a multibillion-dollar infrastructure bond, but Republican leaders caution that North Carolina’s still-unsteady economy makes it impossible to tell whether it would be prudent.
 
North Carolina is a model for states looking to diffuse a looming debt crisis over unfunded health care benefits for state retirees, the Manhattan Institute says in a report.
North Carolina is a model for states looking to diffuse a looming debt crisis over unfunded health care benefits for state retirees, the Manhattan Institute says in a report.
 
North Carolina should avoid borrowing billions, even though the state’s “credit card limit,” a recent study says, is more than $11 billion over the next decade.
North Carolina should avoid borrowing billions, even though the state’s “credit card limit,” a recent study says, is more than $11 billion over the next decade.
 
Now that North Carolina knows how much it can borrow, politicians are arguing about how much the state should borrow.
Now that North Carolina knows how much it can borrow, politicians are arguing about how much the state should borrow.
 
Each week, staff at Carolina Journal looks back at the week in N.C. politics and chooses several interesting, relevant stories you may have missed. Here’s this week’s review
Each week, staff at Carolina Journal looks back at the week in N.C. politics and chooses several interesting, relevant stories you may have missed. Here’s this week’s review
 
Governor Cooper proposed a responsible bond to build new schools and update aging infrastructure
 
With each step of the budget process, the lines become clearer in the battle over the future of North Carolina for state employees, taxpayers, and citizens.
With each step of the budget process, the lines become clearer in the battle over the future of North Carolina for state employees, taxpayers, and citizens.
 
The state panel that determines how much money North Carolina can prudently borrow over the next 10 years rejected an appeal Wednesday by Gov. Roy Cooper's budget director to triple the state's debt ceiling from $2.03 billion to more than $6 billion.
The state panel that determines how much money North Carolina can prudently borrow over the next 10 years rejected an appeal Wednesday by Gov. Roy Cooper's budget director to triple the state's debt ceiling from $2.03 billion to more than $6 billion.
 
A new debt affordability study for North Carolina could throw cold water on plans by the House and Gov. Roy Cooper to pass a nearly $2 billion bond for public school construction.
A new debt affordability study for North Carolina could throw cold water on plans by the House and Gov. Roy Cooper to pass a nearly $2 billion bond for public school construction.
 
The N.C. Department of Transportation doesn’t have enough debt space to borrow the full $3 billion for local road and bridge construction promised in the Build NC Bond Act of 2018.
The N.C. Department of Transportation doesn’t have enough debt space to borrow the full $3 billion for local road and bridge construction promised in the Build NC Bond Act of 2018.
 
Stough Elementary school has seen a handful of repairs and renovations since it was built in 1968. The aging facility soon will be torn down, and a new building will take its place to accommodate more students without the need for mobile trailers
Stough Elementary school has seen a handful of repairs and renovations since it was built in 1968. The aging facility soon will be torn down, and a new building will take its place to accommodate more students without the need for mobile trailers
 
State Treasurer Dale Folwell gave a chilly reception to issuing a statewide school construction bond even as Gov. Roy Cooper hit the road Tuesday, July 10, pitching one
State Treasurer Dale Folwell gave a chilly reception to issuing a statewide school construction bond even as Gov. Roy Cooper hit the road Tuesday, July 10, pitching one
 
Since 2011, the Republican-led General Assembly has restrained the growth of government, brought spending in line with revenue, paid down debt, put more money in savings than ever, and restored voter approval for new debt
Since 2011, the Republican-led General Assembly has restrained the growth of government, brought spending in line with revenue, paid down debt, put more money in savings than ever, and restored voter approval for new debt
 
North Carolina taxpayers will foot the bill for a $3 billion transportation bond and won’t have a say in being saddled with the debt if House Bill 1010 passes
North Carolina taxpayers will foot the bill for a $3 billion transportation bond and won’t have a say in being saddled with the debt if House Bill 1010 passes
 
A House committee has proposed a $3 billion transportation bond, but state Treasurer Dale Folwell urges lawmakers to put the massive borrowing to a voter referendum if they proceed
A House committee has proposed a $3 billion transportation bond, but state Treasurer Dale Folwell urges lawmakers to put the massive borrowing to a voter referendum if they proceed
 
Each February, the State Treasurer’s Debt Affordability Advisory Committee preempts the hopefulness of Groundhog Day with the publication of the annual Debt Affordability Study, the committee’s reminder that state government resources are limited
Each February, the State Treasurer’s Debt Affordability Advisory Committee preempts the hopefulness of Groundhog Day with the publication of the annual Debt Affordability Study, the committee’s reminder that state government resources are limited
 
Governments cannot realistically take enough money from citizens to pay for all the repairs and construction people say we need
Governments cannot realistically take enough money from citizens to pay for all the repairs and construction people say we need
 
Last week, by a vote of 114-1, the NC House passed House Bill 620. The bill provides a routine legislative blessing for annual UNC capital projects, which campuses fund with their own revenues or receipts and not General Fund appropriations
Last week, by a vote of 114-1, the NC House passed House Bill 620. The bill provides a routine legislative blessing for annual UNC capital projects, which campuses fund with their own revenues or receipts and not General Fund appropriations
 
While publicly lobbying for the $2 billion Connect NC bond referendum that will be on the March 15 ballot, Gov. Pat McCrory and members of his administration say the measure will be fiscally prudent, reducing state General Fund debt over the next five years.
While publicly lobbying for the $2 billion Connect NC bond referendum that will be on the March 15 ballot, Gov. Pat McCrory and members of his administration say the measure will be fiscally prudent, reducing state General Fund debt over the next five years.
 
Before the governor and legislators release their versions of the state budget, a very important source of information is needed - a comprehensive assessment of the state's debt status. Each year the Treasurer's office releases a Debt Affordability Study, which outlines the state's debt...
Before the governor and legislators release their versions of the state budget, a very important source of information is needed - a comprehensive assessment of the state's debt status. Each year the Treasurer's office releases a Debt Affordability Study, which outlines the state's debt...
 
Today was a "red letter day" in North Carolina. The N. C. Senate passed S 129, a bill entitled "Limit State Facilities Finance Act." The vote was 47 for and 1 against. It was co-sponsored by Bill Cook, along with 5 other senators.
Today was a "red letter day" in North Carolina. The N. C. Senate passed S 129, a bill entitled "Limit State Facilities Finance Act." The vote was 47 for and 1 against. It was co-sponsored by Bill Cook, along with 5 other senators.
 
Senate Bill 129 passed the Senate Finance Committee on Tuesday afternoon and moved immediately to the floor calendar. Sen. Tommy Tucker, R-Union, ushered the bill through committee with some compelling numbers supporting the measure.
Senate Bill 129 passed the Senate Finance Committee on Tuesday afternoon and moved immediately to the floor calendar. Sen. Tommy Tucker, R-Union, ushered the bill through committee with some compelling numbers supporting the measure.
 
Bypassing statewide bond referendums has cost North Carolina taxpayers an estimated $261 million in extra interest payments on state debt since...
Bypassing statewide bond referendums has cost North Carolina taxpayers an estimated $261 million in extra interest payments on state debt since...
 
NC General Assembly, State Sen. Tommy Tucker, R-Union, wants to curb a government funding mechanism popular among elected officials because it does not require them to gain voter approval to raise taxes...
NC General Assembly, State Sen. Tommy Tucker, R-Union, wants to curb a government funding mechanism popular among elected officials because it does not require them to gain voter approval to raise taxes...
 
House Bill 35, with primary sponsors Rayne Brown (R-Davidson) and George Cleveland (R-Onslow), would repeal the statutory authority enabling the state to issue Certificates of Participation (COPs) as a form of debt financing.
House Bill 35, with primary sponsors Rayne Brown (R-Davidson) and George Cleveland (R-Onslow), would repeal the statutory authority enabling the state to issue Certificates of Participation (COPs) as a form of debt financing.
 
The ongoing state budget "crisis" strongly underscores the urgent need for North Carolina to adapt significant state budget reforms.
The ongoing state budget "crisis" strongly underscores the urgent need for North Carolina to adapt significant state budget reforms.
 
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