Tag: general fund

North Carolina’s state reserves may not be enough

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By John Hood Raleigh, NC – 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. Since then, the state…

NC past governors budgeted more carefully

By John Hood Raleigh, NC – As a fiscal conservative, I long for the days when North Carolina had responsible governors who responded to recessionary budget gaps with fortitude and common sense. You know, governors like Bev Perdue, Mike Easley,…