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.