main bank account of the government in certain countries
North Carolina has continued to accelerate its dependence on federal funds. From fiscal year (FY) 2024 to FY 2025, federal fund receipts within the state’s General Fund skyrocketed from roughly…
Revenues coming in ahead of expectations, reflecting continued growth courtesy of tax cuts
Amid stalled budget negotiations, the General Assembly has passed its first mini budget of the biennium.
This article explores North Carolina’s growing reliance on federal funding since the 1980s, compares these trends to neighboring states, and highlights the One Big Beautiful Bill Act (OBBBA) as a…
Earlier this week, the state Senate introduced its biennial budget proposal for 2025–27, recommending $32.6 billion in net General Fund appropriations for fiscal year (FY) 2026. This allotment would represent…
Earlier this month, Gov. Josh Stein released his biennial budget proposal for 2025–27, recommending $33.6 billion in net General Fund appropriations for fiscal year (FY) 2026. This allotment would represent…
Introduction North Carolina has one of the strictest balanced-budget requirements in the country. State law holds the governor responsible for cutting expenditures to avoid a deficit. Since 2011, Republican leadership…
Introduction Medicaid is a program funded jointly by the state and federal governments. Its core functions include paying medical providers for health care services rendered to society’s most vulnerable: the…
Introduction The state government owns more than 132 million square feet of space across 11,700 buildings worth $40.9 billion. The state budget includes approximately $350 million per year to pay…
The North Carolina House's proposal to alter the uses for sports betting tax revenue favors affluent universities.
House budget would add nearly $2 billion in new spending over this year.
How will legislators distribute the tax dollars generated from sports betting?