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82 Results found for general fund revenue

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The North Carolina Senate released its biennium budget proposal this week as scheduled, with the expectation of meeting with the state House to establish a conference budget before the current fiscal year ends on June 30
The North Carolina Senate released its biennium budget proposal this week as scheduled, with the expectation of meeting with the state House to establish a conference budget before the current fiscal year ends on June 30
 
Local Government Commission Approves Projects During a Meeting at UNC Wilmington Campus
 
The Office of State Budget and Management and the General Assembly’s Fiscal Research Division released their joint forecast for North Carolina’s revenue today. This is a standard procedure that occurs in the early days of the budgeting process to inform lawmakers of the state of the economy.
The Office of State Budget and Management and the General Assembly’s Fiscal Research Division released their joint forecast for North Carolina’s revenue today. This is a standard procedure that occurs in the early days of the budgeting process to inform lawmakers of the state of the economy.
 
Updated Forecast Reflects Historic Opportunity to Continue Making Progress for all North Carolinians
Updated Forecast Reflects Historic Opportunity to Continue Making Progress for all North Carolinians
 
North Carolina has one of the best rainy-day funds in the country, according to a Pewstrust.org article.
North Carolina has one of the best rainy-day funds in the country, according to a Pewstrust.org article.
 
With state revenue for the current fiscal year now projected to be $4.2 billion higher than originally predicted, state budget writers are sitting on a sizeable stack of funds.
With state revenue for the current fiscal year now projected to be $4.2 billion higher than originally predicted, state budget writers are sitting on a sizeable stack of funds.
 
Yesterday the Fiscal Research Division of the North Carolina General Assembly and the Office of State Budget and Management released a revised revenue forecast for the Fiscal Year 2021-2023 biennium.
Yesterday the Fiscal Research Division of the North Carolina General Assembly and the Office of State Budget and Management released a revised revenue forecast for the Fiscal Year 2021-2023 biennium.
 
Everything that the UNC system and its constituent institutions do is dependent on a generous inflow of money.
Everything that the UNC system and its constituent institutions do is dependent on a generous inflow of money.
 
NCACC Weekly Update — April 9
 
Consensus revenue forecast shows revenues will exceed May 2020 projections by $4.1 billion
 
Since the beginning of the COVID-19 recession in March, North Carolina policymakers have been watching government revenues and expenditures carefully.
Since the beginning of the COVID-19 recession in March, North Carolina policymakers have been watching government revenues and expenditures carefully.
 
As Tears for Fears sang in the 1980s, everybody wants their taxes lower.
 
The progressive left in North Carolina has for years attempted to paint a narrative that the conservative tax reforms over the last several years have starved state government of funding, and have left budgets “cut to the bone.”
The progressive left in North Carolina has for years attempted to paint a narrative that the conservative tax reforms over the last several years have starved state government of funding, and have left budgets “cut to the bone.”
 
North Carolina’s state government began its 2020-21 fiscal year with $1.5 billion in cash left over from last year plus another $1.8 billion in rainy-day funds and other earmarked reserves.
North Carolina’s state government began its 2020-21 fiscal year with $1.5 billion in cash left over from last year plus another $1.8 billion in rainy-day funds and other earmarked reserves.
 
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.
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.
 
The good news: North Carolina state government is better financially prepared for the coming economic fallout from the coronavirus pandemic than previous economic crises.
The good news: North Carolina state government is better financially prepared for the coming economic fallout from the coronavirus pandemic than previous economic crises.
 
Imagine if you could buy a home with no debt. Wouldn’t you do that? State government has the option to do something similar with the State Capital and Infrastructure Fund, but Gov. Roy Cooper prefers debt.
Imagine if you could buy a home with no debt. Wouldn’t you do that? State government has the option to do something similar with the State Capital and Infrastructure Fund, but Gov. Roy Cooper prefers debt.
 
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.
 
Of that money, $1.5 billion would go to public schools. Community colleges would get $200 million, and the state's universities would receive the remaining $200 million.
Of that money, $1.5 billion would go to public schools. Community colleges would get $200 million, and the state's universities would receive the remaining $200 million.
 
A Senate plan to pump $2.03 billion of tax revenue into K-12 public school construction would both outspend a competing House plan and do so with cash rather than debt, Senate Majority Leader Harry Brown, R-Onslow, said Wednesday.
A Senate plan to pump $2.03 billion of tax revenue into K-12 public school construction would both outspend a competing House plan and do so with cash rather than debt, Senate Majority Leader Harry Brown, R-Onslow, said Wednesday.
 
And in the North Carolina General Assembly, lawmakers start the legislative session by introducing new tax and spending proposals.
And in the North Carolina General Assembly, lawmakers start the legislative session by introducing new tax and spending proposals.
 
While most state government watchers were focused on a last-minute legislation at the General Assembly, some good news came out of the Office of the State Controller
While most state government watchers were focused on a last-minute legislation at the General Assembly, some good news came out of the Office of the State Controller
 
Despite repeated stern warnings from state Treasurer Dale Folwell, legislation adding $3 billion in state debt for unspecified transportation projects flew through House and Senate committees with bipartisan support
Despite repeated stern warnings from state Treasurer Dale Folwell, legislation adding $3 billion in state debt for unspecified transportation projects flew through House and Senate committees with bipartisan support
 
Over the past two weeks, government budget agencies have delivered two key reports to North Carolina taxpayers. One should infuriate them. The other should please them
Over the past two weeks, government budget agencies have delivered two key reports to North Carolina taxpayers. One should infuriate them. The other should please them
 
Back in October, General Fund revenues were $50.4 million behind projections, not much when the state expects to collect $23.1 billion for the year. Despite the relatively small difference, the usual advocates for higher taxes were out wringing their hands about the shortfall
Back in October, General Fund revenues were $50.4 million behind projections, not much when the state expects to collect $23.1 billion for the year. Despite the relatively small difference, the usual advocates for higher taxes were out wringing their hands about the shortfall
 
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
 
North Carolina state government's reserves are in the best condition they've seen this century
North Carolina state government's reserves are in the best condition they've seen this century
 
North Carolina has collected less state revenue so far than projected for the 2017-18 fiscal year, to the tune of about $134 million
North Carolina has collected less state revenue so far than projected for the 2017-18 fiscal year, to the tune of about $134 million
 
North Carolina Republicans have gotten right what Republicans elsewhere have gotten very wrong: how to construct sensible tax cuts and honest, conservative budgets
North Carolina Republicans have gotten right what Republicans elsewhere have gotten very wrong: how to construct sensible tax cuts and honest, conservative budgets
 
You may have read in the past few days that the North Carolina Senate has approved its version of a state budget to go into effect on July 1
You may have read in the past few days that the North Carolina Senate has approved its version of a state budget to go into effect on July 1
 
While North Carolina legislators and Gov. Roy Cooper haven't yet received the report on state income taxes paid or refunded by the April deadline, they shouldn't count on a positive "April surprise" to make fiscal decisions for them
While North Carolina legislators and Gov. Roy Cooper haven't yet received the report on state income taxes paid or refunded by the April deadline, they shouldn't count on a positive "April surprise" to make fiscal decisions for them
 
Lost beneath headlines highlighting the rancorous repeal of House Bill 2, N.C. lawmakers took another vote on the same day that could produce major long-term positive benefits for state government finances
Lost beneath headlines highlighting the rancorous repeal of House Bill 2, N.C. lawmakers took another vote on the same day that could produce major long-term positive benefits for state government finances
 
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