Spotlight Report

Budgeting on Borrowed Time: FY 2009 budget has excessive spending, no saving, and a lot more debt

posted on in City & County Government, Government Reform, Spending & Taxes

The North Carolina General Assembly approved a $21.4 billion budget for fiscal year (FY) 2009, up 3.4 percent from FY 2008, with $21.2 billion in appropriations for operating expenses, up 4.0 percent. As usual, the final budget was prepared behind closed doors by the House Speaker and President Pro Tem of the Senate with minimal involvement from all but a dozen legislators of either party and little opportunity for the public or other legislators to review spending proposals before a final vote.

As Senior Fellow, Joe examines fiscal and tax policy. He previously headed the North Carolina Government Efficiency and Reform initiative within the Office of State Budget and Management, which led to changes in automotive fleet management, natural and… ...

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We are North Carolina’s Most Trusted and Influential Source of Common Sense. The John Locke Foundation was created in 1990 as an independent, nonprofit think tank that would work “for truth, for freedom, and for the future of North Carolina.” The Foundation is named for John Locke (1632-1704), an English philosopher whose writings inspired Thomas Jefferson and the other Founders.

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