RALEIGH – North Carolina’s budget is about to go on a diet. The newly elected General Assembly will face a deficit of at least $3 billion. The Republican-dominated legislature will have to squeeze the state’s approximate $20 billion general fund to find that savings. Lawmakers also need to find another $3.2 billion to put the state’s public employee retirement plans back on solid fiscal ground.
To watch CarolinaJournal.tv’s look at the state’s fiscal feast, click on the video.
Anthony Greco is an associate editor of Carolina Journal.