Thanks to a decade of wise, conservative fiscal policy, North Carolina state government is better positioned financially to weather the economic fallout from the coronavirus ... Keep Reading
state debt
How North Carolina conservatives brought state debt under control
While the federal government continues to rack up massive debt, North Carolina state government has seen a trend of declining state debt After decades of rapidly building up ... Keep Reading
Ratings Agencies Confirm: Tax Cap Amendment Would NOT Hurt State Bond Ratings
– Leah Byers State Treasurer Dale Folwell announced today that North Carolina received AAA bond ratings from all three major bond rating agencies. North Carolina is ... Keep Reading
Illinois and NC: Two budget deadlines
Budget deadlines in our state and another provide a healthy perspective on North Carolina's finances -- and a warning about what could happen. In the Old North State, the ... Keep Reading
Senate Approves Corporate Welfare Expansion, $2 Billion Bond
Last night the NC Senate unanimously approved an expansion of the state's Job Development Investment Grant program (JDIG), which is a taxpayer-funded handout to companies meeting ... Keep Reading
House, Senate Agree to Increase State Debt
Fresh off of agreeing on doling out $30 million of taxpayer dollars to Hollywood cronies, the NC House and Senate reportedly has agreed to a bond referendum worth between $1.5 and ... Keep Reading
House Proposes Its Own Bond Referendum
Budget negotiations on Jones Street have been eerily quiet for weeks, but late yesterday came news that the N.C. House is offering up a $2.8 billion bond plan, mostly dedicated to ... Keep Reading
Treasurer’s Office Report Says New State Debt Won’t Threaten Credit Rating
The state Treasury Department has released its annual Debt Affordability study, and the report concludes that North Carolina once again can issue state debt without threatening its ... Keep Reading
NC Expecting to Pay off UI Debt Early, Saving Millions
North Carolina's massive debt to the federal government for funds borrowed to cover unemployment insurance is on pace to be paid off by the end of 2015, according to Division of ... Keep Reading
Bill to Limit Unapproved State Debt Wins Senate Approval, Moves to House
Per the Carolina Journal: A bill substantially scaling back the amount of debt the state can assume without voter approval has passed the state Senate and is now before the ... Keep Reading
