Media reports and most North Carolina political observers tend to equate the state’s General Fund with the state budget, but that doesn’t tell the entire story of state government spending.
While General Fund spending peaked in inflation-adjusted terms at $22.5 billion in 2009, total state government spending continued to climb in subsequent years, peaking at $51 billion in 2012. Sarah Curry documents state government spending trends in a new John Locke Foundation Spotlight report.
Learn more here and by watching the video clip below.
