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Record #:
30179
Author(s):
Abstract:
When the fiscal budget for 1953 was handed to Congress, there were shocked reactions to the size of the budget and that a proposed tax increase would not be provided. If the estimates prove correct, there would be a deficit of over $14 billion.
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Subject(s):
Record #:
30159
Author(s):
Abstract:
The North Carolina Budget Bureau found that the largest unencumbered surplus since 1948 will carry over for the new fiscal year starting July 1, 1951. Although the General Fund spent over $150,000,000 for general administration, education institutions, charitable and correctional institutions, state aid, pensions, and contingencies, the state also saw revenues from taxes totaling over $176,000,000. This leaves the state with a credit balance of over $17,000,000 for the next fiscal year.
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Subject(s):