Articles in regional publications that pertain to a wide range of North Carolina-related topics.
for We the People of North Carolina Vol. 18 Issue 4, September 1960
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Revenues collected from 1959-1960 amounted to over $328 million, while expenditures totaled just over $277 million. this left the state with a budget surplus of nearly $19 million. The majority of revenues came from individual income taxes and sales taxes, while the majority spent was in education and public welfare programs.
Known by many nicknames, each year the ugly cousin of the herring--menhaden--swim along the Atlantic Coast from southern New England to Florida. These hordes of tiny fish form the basis of a multi-million dollar business, landing more than 2.2 billion pounds, or 43 percent of the total catch of all fish and shellfish in the nation. Forty-five hundred fishermen make $25.8 million and thirty-seven manufacturers gross $43 million in processing.
Per capita income for North Carolinians in 1959 was $1,485, a seven percent increase from 1958. However, the national average rose from $2,057 in 1958 to $2,166 in 1959. North Carolina now ranks 43rd in the country for per capita income.