by Dr. Terry Stoops
Former Director of the Center for Effective Education, John Locke Foundation
The National Association of State Budget Officers (NASBO) Fiscal Survey of the States Spring 2018 is out!
With a rainy day fund balance of over $1.8 billion, North Carolina has the best funded rainy day fund of any state in the Southeast. Florida is second with $1.4 billion.
North Carolina’s rainy day fund is 8 percent of total expenditures, which is one of the highest in the Southeast.