Local Politics

Perdue, Obama to discuss state budget deficit

Posted December 1, 2008
Updated December 2, 2008

Map Marker  Find News Near Me

— Governor-elect Beverly Perdue will meet Tuesday with President-elect Barack Obama to discuss the nation's struggling economy and its impact on North Carolina's budget.

Perdue and other governors, including outgoing North Carolina Gov. Mike Easley, will hold a closed-door meeting Tuesday morning in Philadelphia with Obama and incoming vice president Joe Biden.

The National Governors Association is sponsoring the meeting to build strong ties between the new administration and state leaders and to discuss how a federal stimulus package could help states deal with looming budget deficits.

Easley has ordered state agencies to cut their budgets by up to 5 percent in the current fiscal year to deal with a deficit that is expected to top $1 billion.

Some fiscal analysts have said that the deficit could grow to more than $3 billion during the budget year that starts next July as lower consumer spending and increased layoffs lead to declines in sales tax and personal and corporate income tax revenues.

During the meeting, Easley has been asked to discuss North Carolina’s Foreclosure Prevention Program.

Several states are seeking to adopt it as a model, and the National Governors Association is considering proposing federal legislation based on the program.

Watch the WRAL News at 6 p.m. Tuesday for a report on the governors' meeting.


This story is closed for comments.

Oldest First
View all
  • maddie Dec 2, 2008

    Death Row: I love the way some people are able to accurately predict what someone is going to do. Obama has not taken office yet and it seems that you are stating this as fact. How would you like to address his in box as POTUS. Are you informed enough and qualified to do that?

  • Titus Pullo Dec 2, 2008

    Where's MY check?

  • DeathRow-IFeelYourPain-NOT Dec 2, 2008

    SO FUNNY!!! Asking Obama how NOT to spend money, is like telling a child to never whine again.

  • demo7691 Dec 2, 2008

    I think one way to say money for the state is to not travel as much. Especially when it cost as much as the Easleys spend on a public trip. SAVE MONEY=SPEND LESS

  • MarcoPolo Dec 1, 2008

    Getting ready to contact the WRAL Censorship Police's boss tomorrow. Like Pelosi, turning off the lights & mic on the floor of the house in Sept. Other side is not heard/seen.

    Barry's racked up a lot of debt & has alot of favors to give. Every crisis is good crisis. More $$$/spending deficit in gov't, more power.

    Mortagage Bailout- payoff to his econ team for that wonderful econ plan which is really paying off now. His buddies (Freddie Mac/Fannie May execs) made gazillions. With this brilliant plan, why is the econ tanking since the election? Don't worry Santa will cover the cost of the Fin bailout.

    Auto Crisis/Bailout- it's about union payoff.
    What's the next crisis?

    He's already making gov't bigger & he hasn't even taken office. UN Rep on the cabinet.

    This Barry/Purdue econ summit is all about the party for the Party. They'll have really great cocktails though at their party. The only result is his 857th press conf (???). Atleast it's not during the world series.

  • MarcoPolo Dec 1, 2008

    Posting 2 of 2.

    Let's see how quickly WRAL Censorship Police can sink this story into archives before people can read the comments.

  • Worland Dec 1, 2008

    O.K., who do I endorse my paycheck to... Perdue or Obama? No matter what, next year they'll have more of my money than I will.

  • workingforthosethatwont Dec 1, 2008

    New bumper sticker seen on my truck:
    I'll keep my money, guns and freedom.
    You can keep the change!

  • ncrebel Dec 1, 2008

    I don't know what there is to discuss.............under the new and improved OBAMA plan, everything is free!

  • ifcdirector Dec 1, 2008

    That's funny. She has presided in the legislature over the run away spending on everything worthless project ever dreamed of by liberals while the state's infrastructure and roads and bridges are crumbling to dust around us. Never in my lifetime have I seen poorer roads statewide while the state continues to waste our tax dollars on everything else they were never authorized to do under our Constitution. It sounds like Bev is ready to further erode our sovereignty as a state even. It's like an addict willing to pawn off her last possessions so she can keep up her free spending ways. This is the kind of leadership you get, if you want to call it that, at the state and local level when you have legions of uninformed, and in this case racist, straight ticket voters. Party on comrades.