Local Politics

State closes 2010 fiscal year with surplus

Posted August 26, 2010

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— The state's General Fund ended the 2010 fiscal year with a $236.9 million balance, officials said Thursday.

The Office of the State Controller said the balance at the end of the 2009 fiscal year was $92 million.

Most of the difference came from increased sales tax collections and decreases in spending across the board.

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  • ratherbnnc Aug 27, 2010

    Mep, no need to worry about in anymore. Most of that money will now come from the Race to the Top funding and extra federal money they just received for Medicaid funding. The deficit talk was from money they thought they wouldnt get but have.

  • stewartd11 Aug 27, 2010

    That would be hard since Palin quit her job before she finished her term.

  • bonnie4612 Aug 27, 2010

    well, stewartd11, i'd rather have Sarah Palin as governor any day!

  • dixieboy Aug 27, 2010

    Hey armchair budget anilysts , this is based on the states way of bean counting. Besides , 236 million doesn't go that far anymore.

  • rgm1266 Aug 27, 2010

    No matter what a DEMO does, some people find something to complain about or try to put a political spin on it. I would be the first to say that Gov. Bev isn't going to get my vote, but the Leg. is the one who puts together the budget and then submits it for the Gov's signature.

  • mep Aug 27, 2010

    ratherbnnc... yes there is a 3 BILLION dollar budget deficit set for next year. (current fiscal year) Bev will be doing some serious begging, or cutting, or raising taxes to cover it.

  • ratherbnnc Aug 27, 2010

    affirmative - Here we go again! Still dont get it do you? I worked in local government for almost 20 years and submitted budget proposals every year. 100% of funding for law enforcement
    and fire were from local revenues. State offsets were for certain things by law that are mandated. Fire and Police were not one of those! Next question?

  • ratherbnnc Aug 27, 2010

    Misskitty - this means it is balanced. Did you miss a floor when climbing stairs?

  • misskitty Aug 27, 2010

    The State of NC has to balance its budget. That is mandated by law. That does not stop it from spending too much, it just means they have to raise taxes or cut somewhere else in order to pay for it.

  • affirmativediversity Aug 27, 2010

    affirmativediversity - Breaks your heart you lost on that "too much spending" argument you seemed to have had, right? per ratherbnnc

    -------------

    Are you kidding me? How many hundreds of millions has Ole Bev had to BEG from the Feds (money the Feds had to beg from China, I might add). Not to mention the "Rainy Day Fund" she's and Easley have ploughed throw like drunken sailors.

    Like I said before...I give it less than a week and Ole Bev will be announcing a NEW PROGRAM (something completely useless but nice and progressive) that will funny enough cost $239.9 million!

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