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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.
Published: Wednesday, March 1st, 2023 @ 11:29 am
By: John Locke Foundation
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The Office of the State Controller this week released its General Fund Monthly Financial Report for the 2021-2022 fiscal year that ended June 30th.
Published: Tuesday, August 23rd, 2022 @ 1:42 pm
By: John Locke Foundation
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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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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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Tax collections for the six months from April through September continue to track closely with the same period a year ago
Published: Monday, October 19th, 2020 @ 10:21 am
By: John Locke Foundation
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The North Carolina Office of State Controller just released its latest General Fund monthly financial report for April.
Published: Thursday, May 21st, 2020 @ 2:03 am
By: Civitas Insitute
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The N.C. Senate passed a $24 billion General Fund spending plan without debate. The House took nearly an hour Thursday, June 27, before following suit and approving the 2019-21 compromise proposal, House Bill 966.
Published: Saturday, June 29th, 2019 @ 4:01 am
By: Carolina Journal
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A week ago, the state Senate passed its version of a $23.9 billion General Fund budget for the next fiscal year. The Senate and House still must resolve their differences in a conference report, pass it, and send it to Gov. Roy Cooper.
Published: Sunday, June 23rd, 2019 @ 10:37 am
By: Carolina Journal
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After a week of subcommittee meetings, full appropriation consideration, input from the finance side, two rare Friday sessions, and two full days of debate, on Friday, May 3, the House passed its $23.9 billion General Fund budget proposal.
Published: Wednesday, May 29th, 2019 @ 2:15 am
By: Carolina Journal
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The Senate’s Republican leader and top budget writer said Wednesday, May 8, he hopes that chamber’s work on the General Fund budget will be done by the end of May. The House passed a $23.9-billion plan last week.
Published: Monday, May 27th, 2019 @ 12:52 pm
By: Carolina Journal
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After more than two hours of debate, the N.C. House Friday afternoon passed a $24.5 billion General Fund budget by a 61-51 party-line vote.
Published: Wednesday, May 22nd, 2019 @ 8:17 pm
By: Carolina Journal
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The House passed its $24.5 billion General Fund budget for 2019-20 by a 61-54 margin Thursday, May 2, after spending three hours wrestling with 34 amendments.
Published: Tuesday, May 21st, 2019 @ 3:23 pm
By: Carolina Journal
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Republican legislative leaders have reached agreement on a 2019-20 General Fund budget cap of slightly more than $24 billion, shaving about $500 million from Democratic Gov. Roy Cooper’s proposed spending plan
Published: Wednesday, April 3rd, 2019 @ 9:57 am
By: Carolina Journal
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In his proposed budget released on Wednesday, Gov. Roy Cooper has provided the tax and spending details for his vision of a North Carolina determined to spend a lot more on state government
Published: Thursday, March 28th, 2019 @ 4:24 am
By: John Locke Foundation
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Gov. Roy Cooper proposed a $25.2 billion General Fund budget for 2019-20 that would increase spending by more than $1.3 billion over the current fiscal year
Published: Sunday, March 10th, 2019 @ 4:03 am
By: John Locke Foundation
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The 2019-20 General Assembly session is well under way. Bills are being filed and committees are meeting, but the attention will soon fall on the biennial budget, which the governor introduced this week and included new and expanded spending, including a 9.1 percent raise for teachers
Published: Saturday, March 9th, 2019 @ 10:48 am
By: John Locke Foundation
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Rob Christensen, the venerable political reporter for the News & Observer, offers a future vision of North Carolina as Illinois, with out-of-control spending leading to failing government and bad credit
Published: Sunday, October 21st, 2018 @ 5:33 am
By: John Locke Foundation
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While the federal government's deficit and debt grow, it seems families and state governments have become better savers during the current recovery
Published: Monday, September 3rd, 2018 @ 8:01 pm
By: John Locke Foundation
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One reason teachers and state employees may not have seen the raises they wanted in recent years is that the government's cost for pensions and retiree health benefits has climbed from 8 percent of payroll 10 years ago to 19 percent of payroll this year
Published: Friday, July 27th, 2018 @ 1:58 pm
By: John Locke Foundation
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Starting in 2011, North Carolina lawmakers have implemented transformational changes resulting in a strong and growing economy
Published: Thursday, July 12th, 2018 @ 4:54 am
By: John Locke Foundation
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The Senate delivered swiftly on a leadership pledge to kill Gov. Roy Cooper’s veto of the 2018-19 General Fund budget, voting 34-13 to override Thursday, June 7
Published: Wednesday, July 4th, 2018 @ 6:54 am
By: John Locke Foundation
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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
Published: Sunday, July 1st, 2018 @ 2:57 am
By: Civitas Insitute
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Here’s a simple illustration of the urban/rural population divide in North Carolina: The state’s two most-populous counties — Wake and Mecklenburg — are home to about as many people as the total number of residents in the 18 smallest counties
Published: Thursday, June 21st, 2018 @ 12:08 pm
By: John Locke Foundation
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Gov. Roy Cooper vetoed the $23.9 billion General Fund budget for 2018-19, warning Republicans that voters in November’s general election will reject GOP candidates and their policies
Published: Wednesday, June 20th, 2018 @ 8:59 am
By: John Locke Foundation
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Large majorities of North Carolina voters support enshrining additional rights and responsibilities in the state constitution in the latest polling by the Civitas Institute
Published: Tuesday, June 19th, 2018 @ 5:51 pm
By: John Locke Foundation
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The recent announcement by leaders in the North Carolina General Assembly that changes to the current two-year budget will be settled in a conference report, and not through the regular appropriations committee process has drawn a lot of ire
Published: Thursday, June 14th, 2018 @ 2:13 pm
By: Civitas Insitute
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The recent legislative adjustments to North Carolina's 2018-19 state General Fund budget produced two main political controversies that we'll hear more about as we move through the campaign season to the November midterms
Published: Sunday, June 10th, 2018 @ 8:50 pm
By: John Locke Foundation
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The state budget for FY 2018-19 contains nearly 170 line items totaling $30 million that are highly inappropriate or outright pork
Published: Thursday, June 7th, 2018 @ 12:36 pm
By: John Locke Foundation
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Debate was more civil, but the outcome was the same. House Republicans followed the Senate's lead, voting 66-44 to pass a $23.9 billion General Fund budget, and sent it to Gov. Roy Cooper over Democrats' objections
Published: Wednesday, June 6th, 2018 @ 9:19 pm
By: John Locke Foundation
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The $23.9 billion state General Fund budget for 2018-19 is a step away from being sent to Gov. Roy Cooper for his signature
Published: Wednesday, June 6th, 2018 @ 6:30 pm
By: John Locke Foundation
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North Carolina legislative leaders released their agreed-upon budget proposal Monday, with votes expected to take place this week
Published: Monday, June 4th, 2018 @ 11:37 pm
By: Civitas Insitute
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North Carolina Democrats have never opposed lowering taxes on big business. You may hear a lot of rhetoric to the contrary during the election cycle. Here's why, to borrow a phrase, you should take that rhetoric seriously but not literally
Published: Monday, June 4th, 2018 @ 4:53 am
By: John Locke Foundation
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After a brief debate, the state Senate on Wednesday passed the 2018-19 General Fund budget largely along party lines, 36-14
Published: Sunday, June 3rd, 2018 @ 10:29 pm
By: John Locke Foundation
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The $23.9 billion state General Fund budget for 2018-19 is a step away from being sent to Gov. Roy Cooper for his signature
Published: Sunday, June 3rd, 2018 @ 6:56 pm
By: John Locke Foundation
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