by Julie Tisdale
City & County Policy Analyst
Today’s Fiscal Update looks at the issue of State Debt. As of June last year, the state had over $9 billion in debt. That’s right – $9 billion. But it’s not all the same. It’s financed in different ways, with different interest rates and different impacts on our state bond rating. Some has direct voter approval. Some is off balance sheet. Sarah Curry breaks down the different kinds of debt and their effects on NC’s financial position.