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The North Carolina House, Senate, and governor have each released their budget proposals for the upcoming biennium
Published: Monday, July 3rd, 2023 @ 8:09 pm
By: John Locke Foundation
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North Carolina has one of the best rainy-day funds in the country, according to a Pewstrust.org article.
Published: Monday, August 8th, 2022 @ 11:50 am
By: Carolina Journal
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The budget has a surplus of $6 billion, a projected Rainy-Day Fund of $4.75 billion, and a $1 billion State Inflationary Reserve.
Published: Sunday, July 10th, 2022 @ 11:54 am
By: Carolina Journal
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“Set some money aside for a rainy day.” That’s financial advice anyone discussing finances worth their salt would include.
Published: Monday, January 17th, 2022 @ 9:01 am
By: John Locke Foundation
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We’ve had a lot of rainy days in North Carolina lately, both literally and figuratively.
Published: Monday, February 22nd, 2021 @ 12:43 am
By: Carolina Journal
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Here’s a question for North Carolina’s leaders: If what our state is experiencing right now isn’t a “Rainy Day,” pray tell what is?
Published: Wednesday, December 16th, 2020 @ 8:28 pm
By: Tom Campbell
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As of November, North Carolina’s state government has some $4 billion in unreserved cash in its General Fund, plus well north of $1 billion in its rainy-day account and other reserves.
Published: Wednesday, December 16th, 2020 @ 12:04 am
By: Carolina Journal
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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.
Published: Friday, September 18th, 2020 @ 3:28 pm
By: Carolina Journal
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Thanks to fiscally responsible measures over the past 10 years, North Carolina is on far better financial footing to combat the coronavirus outbreak and to weather its economic fallout.
Published: Thursday, March 19th, 2020 @ 10:37 am
By: Civitas Insitute
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Governor Roy Cooper and Democratic leaders today offered Republican leadership a state budget compromise proposal that would close the health care coverage gap, raise teacher pay, cut taxes for people and guarantee school construction while balancing the budget and saving money in the Rainy Day Fund
Published: Tuesday, July 9th, 2019 @ 3:32 pm
By: Governor's Office
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The House proposed budget lowers some taxes, creates others, and cuts against the grain of past Republican efforts to prioritize savings reserves as a rainy day buttress to economic downturns and natural disasters.
Published: Tuesday, May 21st, 2019 @ 9:34 am
By: Carolina Journal
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If we learned one thing during the devastation and recovery from Hurricanes Florence and Michael, it’s that setting aside more than $2 billion in savings for a rainy day was a very good idea
Published: Friday, October 26th, 2018 @ 6:47 pm
By: John Locke Foundation
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As the North Carolina General Assembly gathered for its Oct. 2 special session on Hurricane Florence relief, the state’s rainy-day fund stood at $2.01 billion
Published: Sunday, October 7th, 2018 @ 5:32 am
By: John Locke Foundation
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The General Assembly could convene a special session to allocate Hurricane Florence recovery money from the state's rainy day fund, although some money is available for use without the legislature's approval
Published: Saturday, September 22nd, 2018 @ 6:30 pm
By: John Locke Foundation
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Since 2010, when voters put Republicans in charge of most state governments across the United States, North Carolina became one of about a half-dozen states where conservative reformers have frequently - and sometimes spectacularly - faced off with progressives in ways that have attracted significan
Published: Wednesday, April 11th, 2018 @ 12:36 am
By: John Locke Foundation
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North Carolina state government's reserves are in the best condition they've seen this century
Published: Saturday, January 27th, 2018 @ 3:29 am
By: John Locke Foundation
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Earlier in the week Under the Dome ran a piece by N&O reporter Will Doran where he relays Governor Cooper’s apprehension about having enough money for next year’s state budget
Published: Thursday, December 28th, 2017 @ 11:59 pm
By: Civitas Insitute
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North Carolina is the only state meeting all of the Pew Charitable Trusts best or good practices in taking care of its "rainy day" reserves
Published: Saturday, December 23rd, 2017 @ 1:04 pm
By: John Locke Foundation
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It is Sunday and almost late afternoon. It was raining before sunrise,and it is still raining now. The rain is falling steadily, as it has all day. No one in these parts ought to complain as it has been a long while since we have had a rainy day-and besides, rain makes the loveliest sound.
Published: Tuesday, November 7th, 2017 @ 4:04 am
By: Michele Rhem
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We're not shy about criticizing legislators when criticism is due. That said, we also like to point out when lawmakers do the right thing
Published: Tuesday, October 24th, 2017 @ 3:27 pm
By: Civitas Insitute
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State Treasurer Dale Folwell hopes the General Assembly will build on its recent boost in the state's Rainy Day Fund with a plan to make state pensions and health benefits more solvent
Published: Sunday, July 16th, 2017 @ 8:28 pm
By: John Locke Foundation
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Yesterday Gov. Cooper signed House Bill 7 into law, albeit with some apparent reservations
Published: Monday, April 17th, 2017 @ 8:30 pm
By: Civitas Insitute
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Today, Governor Roy Cooper signed into law House Bill 7, An Act to Strengthen the Savings Reserve, as Recommended by the Legislative Research Commission.
Published: Friday, April 14th, 2017 @ 4:22 pm
By: Governor's Office
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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
Published: Thursday, April 6th, 2017 @ 9:39 am
By: John Locke Foundation
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The House on Wednesday overwhelmingly approved a bill aimed at beefing up the state's rainy day fund
Published: Sunday, February 19th, 2017 @ 8:24 pm
By: John Locke Foundation
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The N.C. General Assembly’s Legislative Research Commission officially endorsed this afternoon a plan to set new standards for the state’s "ainy day" spending reserves
Published: Wednesday, January 11th, 2017 @ 1:39 pm
By: John Locke Foundation
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As required by law, Governor Pat McCrory released the following budget recommendations
Published: Tuesday, December 20th, 2016 @ 7:03 pm
By: McCrory Communications
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Legislators agreed this week to use millions of dollars from North Carolina's "rainy day" reserves. Some of them are also pursuing clearer rules for using those reserves in the future
Published: Saturday, December 17th, 2016 @ 9:39 am
By: John Locke Foundation
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Today, the McCrory campaign responded to Senator Dan Blue's call for a special session by slamming Roy Cooper, Dan Blue and their allies for their opposition to building up the state's rainy day fund
Published: Thursday, October 13th, 2016 @ 9:53 pm
By: McCrory Communications
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North Carolina's 2016-17 state budget responsibly limited the growth rate of state spending, wisely padded the state's Rainy Day Fund, cut taxes further and continued one of the most aggressive trends of teacher pay increases in the nation.
Published: Monday, October 3rd, 2016 @ 5:01 am
By: Civitas Insitute
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North Carolina's 2016-17 state budget responsibly limited the growth rate of state spending, wisely padded the state's Rainy Day Fund, cut taxes further and continued one of the most aggressive trends of teacher pay increases in the nation.
Published: Saturday, August 13th, 2016 @ 12:27 pm
By: Civitas Insitute
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As the state budget agreement moves through the legislative approval process toward Gov. McCrory's desk, there is plenty of media coverage summarizing the major issues addressed in this year's spending plan, such as teacher pay, tax cuts and rainy day funds
Published: Wednesday, July 6th, 2016 @ 6:37 pm
By: Civitas Insitute
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"My problem," the notoriously reckless actor Errol Flynn was once reported to have quipped, "lies in reconciling my gross habits with my net income."
Published: Tuesday, April 26th, 2016 @ 10:02 am
By: John Locke Foundation
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The North Carolina Senate has approved a Taxpayer Protection Act by the required three-fifths vote. The measure approves amending the North Carolina Constitution to place caps on income-tax rates and spending growth while requiring lawmakers to set aside money in a rainy-day fund to guard against...
Published: Saturday, August 22nd, 2015 @ 3:35 am
By: John Locke Foundation
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Beaufort County Commissioner Stan Deatherage will present a resolution to the Beaufort County Commissioners for passage to signify their willingness to provide their citizenry the opportunity to directly participate in the democratic process on certain issues.
Published: Sunday, November 3rd, 2013 @ 11:36 am
By: Stan Deatherage
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As Democrats and Republicans debated North Carolina's recently approved state budget, they devoted much of their attention to the income statement of...
Published: Tuesday, August 6th, 2013 @ 8:50 pm
By: John Locke Foundation
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You've heard the spin from the right and the left regarding this session of the General Assembly, but little from centrists. I don't claim to speak for all them all, but I call myself one and think I can provide some insights into what moderates want.
Published: Friday, August 2nd, 2013 @ 1:44 pm
By: Tom Campbell
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