One of my primary responsibilities is advising the North Carolina General Assembly and other state officials on Economic and Fiscal Issues. Given
Fiscal experts set NC budget gap at $3.7 billion
There’s now a better estimate of how wide the gap between expected revenues and expenses could be in North Carolina state government in 2011.
Fiscal experts at the Legislature announced this week the preliminary gap for the year starting July 1 is $3.7 billion. That’s $500 million more than the minimum budget gap discussed after the current year’s $19 billion budget was approved last summer.
Most of the gap is caused by the loss of federal stimulus dollars and temporary taxes set to expire. The increase can be attributed to high-priority spending items the General Assembly usually agrees to such as increasing school enrollment, state pension funds and the employee health insurance plan.
The gap could change if the economy improves or worsens.
Blogging will be erratic for the foreseeable future. As far as I know Adam and Niklas should still be posting.
Modeled Behavior has enjoyed a lot of growth over the last year or so and I have had the opportunity to be a part of some great conversations. I am extremely appreciative for that. I hope those conversations can pick up where they left off when I rotate back to the world.