Articles in regional publications that pertain to a wide range of North Carolina-related topics.
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for "North Carolina. General Assembly--Budget"
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Record #:
30457
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Abstract:
For the first time since 1933 North Carolina's General Fund revenue will not be enough to cover spending, particularly for support and personnel salaries. With climbing spending, the General Assembly has attempted to cut spending and prevent salary increases, the difference between income and outgoing spending is now over $20 million annually.
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Record #:
30806
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Abstract:
Total revenue and funds availability for the North Carolina General Fund amounted to over $307 million for 1958. Expenditures for the state during this time period, for public safety, welfare, education and others, only amounted to over $277 million. This left the state with a balance of $29, 347, 993. Although there was a surplus in the budget, there were no material changes to the proportions of total revenue raised from the ten major sources including individual and corporate income and sales, franchise, license, insurance, inheritance, and beverage taxes.
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Record #:
30843
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Governor Hodges surprised the 1959 North Carolina General Assembly by proposing a balanced budget without raising taxes or increasing schedule rates. This will be accomplished by generous estimates of revenue prospects, use of surplus, windfall payments of individual income taxes adopted from withholding plan of collecting individual income taxes, and holding appropriations to a limit.
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Record #:
30909
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Launched by the 1959 General Assembly to cover the next two years, the $600 million spending program will occur without levying any new taxes or increasing rates to old schedules. Only the amount of increased revenue made by estimates of improved business conditions could used for appropriations above budget recommendations.
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Record #:
30887
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Abstract:
The 1959 North Carolina General Assembly authorized state services and agencies to spend over $582 million during the next biennium to 1961. This was an increase of 12.56% from the previous year. The financial picture, given the previous year's spending and revenue, would again put the state in a deficit of over $1 million.
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Record #:
32229
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This article provides statistics and an analysis of the Advisory Budget Commission’s $3.3 billion blueprint for operating State Government. The article discusses anticipated General Fund sources, the outlook on estimated revenues during the next biennium, recommendations for public school teacher pay and highway improvement.
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Record #:
31182
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Despite being a primary concern of North Carolina's Governor Sanford, public schools are getting a smaller share of the General Fund than received under previous administrations. This is due to the sharp decline in pupil attendance, and the millions usually spent on pupils will become available to help pay for teacher salary increases and other public school improvements. In turn, more funds are left over from sales tax to pay for expansions and improvements in other state operations.
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Record #:
29301
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The 1991 North Carolina General Assembly met with great controversy after convening. This year marked the largest cuts in state spending along side the largest tax increase in state history. Spending cuts were delivered mainly to education budgets, while tax increases were made to the state sales tax and corporate income taxes.
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Record #:
30506
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Abstract:
The economic and social history of North Carolina is echoed in data on collecting and spending of the General Fund for the past two decades. Shifts in contributions have been made to public schools and higher education, public welfare and retirement, and public aid and debt service, amounting to nearly $2 billion in spending.
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Record #:
30632
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Abstract:
For the first time since 1934, the North Carolina General Fund expenditures were less than was spent the previous years. The Retirement System needed a million dollars less than the previous year and there were decreases in spending by some agencies and institutions, including the Debt Service.
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11.Talk About the Budget by Not Given We the People of North Carolina Vol. 20 Issue 9, February 1963
Record #:
31181
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Abstract:
The North Carolina General Fund budget presented to legislature in February recommends an 18.1 percent increase in appropriations for operations. This combined with a increase in spending voted upon in 1961 will result in General Fund tax spending in the new biennium at a rate of $1.64 for every dollar spent in the last biennium. In other words, a 64.6 percent hike in General Fund tax support for budgeting operations.
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Record #:
30447
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An era has come to an end; since 1933 revenue has produced enough money to cover annual North Carolina General Fund appropriations but that has changed as of June 1955. Wile spending is at an all-time high, the 1955 North Carolina General Assembly must look to either cut spending or increase taxes while also dealing with issues of state highways, redistricting, government reorganization, and segregation in public schools.
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Record #:
31007
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Abstract:
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.
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Record #:
32317
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Governor Scott proposed in the legislative budget to increase the gross premium tax on insurance companies doing business in North Carolina. The state’s life insurance industry believes this is an undue tax burden, which would further result in driving off investment capital from the state, placing the domestic life insurance industry at a further disadvantage in competing with out-of-state firms.
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Record #:
30832
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Abstract:
The 1959 North Carolina General Assembly will face a problem with funding expanding public services. Despite a surplus in the previous year, the Assembly will face the biggest budget ever. Four ideas have been proposed to face an attempt at balancing the budget: increased taxes, a booming economy, witholding plan for income taxes, and decreased spending.
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