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for "North Carolina. General Assembly--Budget"
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Record #:
30832
Author(s):
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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Record #:
30843
Author(s):
Abstract:
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 #:
30887
Author(s):
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 #:
30907
Author(s):
Abstract:
The North Carolina General Fund for 1959 got a pleasant surprise of $5 million, when the Budget Bureau made public a final report on income and expenditures for the fiscal year. The surplus was much larger then expected, despite higher expenditures, due to a gain in revenues.
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Record #:
30909
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Abstract:
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 #:
30806
Author(s):
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 #:
30703
Author(s):
Abstract:
The 1957 North Carolina General Assembly are facing unexpected and substantially increasing financial problems. Pay increases for teachers and funds for one week before and after school ends were originally recommended; however, where these adjustments would be made within the state's budget was uncertain. Increases to teacher pay would require a small tax increase or spending of the surplus.
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Record #:
30712
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Abstract:
In proposals to raise the salary of all state employees, including teachers, North Carolina's Governor Hodges has provided places where the finances can be used for the increase. Hodges proposes that funds to meet the new budget items can come from previously recommended funds for capital improvements, the Highway Fund, and interest from tax investments.
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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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Record #:
30447
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Abstract:
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 #:
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 #:
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 #:
30417
Author(s):
Abstract:
State expenditures exceeded $190 million for the fiscal year of 1954, while revenue collections exceeded $184 million for the year. The majority of spending went to public schools and institutions of higher education, followed by state aid and charitable and correctional institutions.
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Record #:
30244
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Abstract:
The 1953 North Carolina General Assembly has come to decision on the budget, which is only 3.7 percent more than the recommended figures from the Budget Commission. Ranging from a three tenths of a percent increase for public schools to 128 percent increase for public debt, the figures represent a 14.8 percent increase for operating expenditures from the previous biennium.
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Record #:
30255
Author(s):
Abstract:
For the end of the fiscal year in 1953, North Carolina's General Fund exceeded its income by over $6 million. This depleted the credit balance for the state by this amount, but the credit was helped by larger collections and less legislative spending that anticipated.
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