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Combined General and Transportation Funds' Debt Service is Projected to Peak at 2.61% in FY 2023
Published: Friday, February 4th, 2022 @ 1:11 pm
By: Stan Deatherage
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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.
Published: Sunday, March 7th, 2021 @ 11:43 am
By: John Locke Foundation
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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
Published: Tuesday, March 13th, 2018 @ 4:08 pm
By: John Locke Foundation
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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.
Published: Wednesday, January 20th, 2016 @ 4:23 am
By: John Locke Foundation
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The majority of the state's operations are funded through the General Fund. There are, though, some major components of the state's expenditure that are located outside the General Fund. In short, the General Fund amounts to around $20 billion, while total state spending amounts to approximately...
Published: Wednesday, October 21st, 2015 @ 6:54 pm
By: John Locke Foundation
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