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North Carolina state budget (2008-2009)
| Note: This article was last updated in 2009. Click here for more recent information on state budgets and finances. |
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] 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."[4] Gov. Perdue added:
“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.”[5]
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.[6]
Budget figures
2009 General Fund[7]
| 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[8] | 6.9%[8] |
| 2001 | $13,445,510,386[8] | -2.9%[8] |
| 2002 | $13,741,135,020[8] | 2.2%[8] |
| 2003 | $13,855,522,493[8] | 0.8%[8] |
| 2004 | $14,704,184,520[8] | 6.1%[8] |
| 2005 | $15,798,359,545[8] | 7.4%[8] |
| 2006 | $17,065,090,604[8] | 8.0%[8] |
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.[9]
See also
Footnotes
- ↑ Center on Budget and Policy Priorities, "State budget troubles worsen," May 18,2009
- ↑ Associated Press, "Group says cuts alone to NC budget would devastate," June 2,2009
- ↑ Cite error: Invalid
<ref>tag; no text was provided for refs namedNCTaxes - ↑ Gov. Perdue, "State of the State 2009," March 9,2009
- ↑ Cite error: Invalid
<ref>tag; no text was provided for refs namedNCCuts - ↑ North Carolina Office of State Budget and Management, "About the Budget," accessed June 5,2009
- ↑ National Governors Association and National Association of State Budget Officers Fiscal Survey of States June 2010 (dead link)
- ↑ 8.00 8.01 8.02 8.03 8.04 8.05 8.06 8.07 8.08 8.09 8.10 8.11 8.12 8.13 State of North Carolina, "Historical budget data," March 2009
- ↑ About NC Open Book
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