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North Carolina state budget (2008-2009): Difference between revisions

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[[North Carolina]] faced a $3.2 billion budget gap for fiscal year 2009.<ref>[http://www.cbpp.org/cms/index.cfm?fa=view&id=711 ''Center on Budget and Policy Priorities'', "State budget troubles worsen," May 18,2009]</ref> The budget gap for fiscal year 2010 grew by $1.5 billion to a total of $4.6 billion.<ref>[https://web.archive.org/web/2/http://www.forbes.com/feeds/ap/2009/06/02/ap6495997.html ''Associated Press'', "Group says cuts alone to NC budget would devastate," June 2,2009]</ref>  
[[North Carolina]] faced a $3.2 billion budget gap for fiscal year 2009.<ref>[http://www.cbpp.org/cms/index.cfm?fa=view&id=711 ''Center on Budget and Policy Priorities'', "State budget troubles worsen," May 18,2009]</ref> The budget gap for fiscal year 2010 grew by $1.5 billion to a total of $4.6 billion.<ref>[https://web.archive.org/web/2/http://www.forbes.com/feeds/ap/2009/06/02/ap6495997.html ''Associated Press'', "Group says cuts alone to NC budget would devastate," June 2,2009]</ref>  
[[Beverly_Perdue|Gov. Bev Perdue]] transferred $139.6 million from rainy day funds in April 2009 and a state Senate bill transferred another $250 million for the State Health Plan.<ref name="NCTaxes"/> In her State of the State Address, the governor emphasized that not only was it time to cut excess spending, but it was also time to "transform the way we invest the people's money."<ref>[https://web.archive.org/web/2/http://www.governor.state.nc.us/stateofstate.aspx ''Gov. Perdue'', "State of the State 2009," March 9,2009]</ref> Gov. Perdue added:
[[Beverly_Perdue|Gov. Bev Perdue]] transferred $139.6 million from rainy day funds in April 2009 and a state Senate bill transferred another $250 million for the State Health Plan.<ref name="NCTaxes"/>  
<blockquote> “I will do what I must in order to ensure that North Carolina can pay our bills and provide the essential services required by our citizens.”<ref name="NCCuts"/></blockquote>
 
==Budget background==
==Budget background==
::''See also: [[North Carolina state budget and finances]]''
::''See also: [[North Carolina state budget and finances]]''

Latest revision as of 20:45, 8 May 2023

Note: This article was last updated in 2009. Click here for more recent information on state budgets and finances.


State Information


North Carolina faced a $3.2 billion budget gap for fiscal year 2009.[1] The budget gap for fiscal year 2010 grew by $1.5 billion to a total of $4.6 billion.[2] Gov. Bev Perdue transferred $139.6 million from rainy day funds in April 2009 and a state Senate bill transferred another $250 million for the State Health Plan.[3]

Budget background

See also: North Carolina state budget and finances

North Carolina operates on a biennium, covering two fiscal years at a time. For example, the 2009-2011 biennium consisted of year one, July 1, 2009 to June 30, 2010, and year two, July 1, 2010 to June 30, 2011. North Carolina ’s constitution requires that the budget enacted by the general assembly be balanced. In the second year of the biennium, the Office of State Budget and Management develops the governor’s recommended adjustments to the biennial budget. The governor releases a recommended budget every other year in February but still makes an annual update, usually in May. Once both the House and the Senate review and approve the document, then the bill is submitted to the governor for final approval.[4]

Budget figures

2009 General Fund[5]

Category Amount in millions
Beginning balance $599
Revenues $19,146
Adjustments $0
Total resources $19,745
Expenditures $19,653
Ending balance $92
Budget stabilization fund $150


Fiscal year General Funds expenditures % Change from previous year
2000 $13,853,708,453[6] 6.9%[6]
2001 $13,445,510,386[6] -2.9%[6]
2002 $13,741,135,020[6] 2.2%[6]
2003 $13,855,522,493[6] 0.8%[6]
2004 $14,704,184,520[6] 6.1%[6]
2005 $15,798,359,545[6] 7.4%[6]
2006 $17,065,090,604[6] 8.0%[6]

Proposed actions

Governor Bev Perdue


North Carolina State of the State Address 2009

Legislation

North Carolina Executive Order No. 4 (2009), signed by Bev Perdue on January 12, 2009, mandated the creation of a website to make available information about state grants and contracts. The site was managed by the Office of State Budget and Management and the Office of Information Technology Services.[7]

See also

Footnotes

  1. ↑ Center on Budget and Policy Priorities, "State budget troubles worsen," May 18,2009
  2. ↑ Associated Press, "Group says cuts alone to NC budget would devastate," June 2,2009
  3. ↑ Cite error: Invalid <ref> tag; no text was provided for refs named NCTaxes
  4. ↑ North Carolina Office of State Budget and Management, "About the Budget," accessed June 5,2009
  5. ↑ National Governors Association and National Association of State Budget Officers Fiscal Survey of States June 2010 (dead link)
  6. ↑ 6.00 6.01 6.02 6.03 6.04 6.05 6.06 6.07 6.08 6.09 6.10 6.11 6.12 6.13 State of North Carolina, "Historical budget data," March 2009
  7. ↑ About NC Open Book
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