Opinion
Fund core programs or save surplus
Put money not needed for core services into savings or, alternatively, pay down state debt, which frees up recurring dollars no longer needed for debt service.
News
N.C. pension plan a rarity among more ‘optimistic’ states
North Carolina’s state pension plan is prepared to weather another recession, a Pew Charitable Trusts stress test says. North Carolina has the sixth best-funded state pension plan in the nation. It boasted a 90.7% funded ratio in 2017, leaping over the 73% national average for state and local pensions in 2018, according to Public Plans...
News
North Carolina’s ‘rainy day’ reserves meet Pew Charitable Trusts best practices
North Carolina is the only state meeting all of the Pew Charitable Trusts best or good practices in taking care of its “rainy day” reserves. North Carolina’s reserve requires the state to set aside 15 percent of projected revenue growth to the reserve at the beginning of each fiscal year, and there are clear and...
