Tag: general fund

Let’s compensate victims of regulation

closed store sign

By John Hood Raleigh, NC – 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. Other states would…

North Carolina’s state reserves may not be enough

money pink coins pig

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,…