Rick Henderson, Carolina Journal managing editor, discusses a new law limiting North Carolina state government’s ability to assume more debt without voter approval. Henderson offered these comments during an interview with Donna Martinez for Carolina Journal Radio (Program No. 528).
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State forecasts $1.4 billion budget surplus
The North Carolina General Assembly's Fiscal Research Division projects that while inflation and interest rates are still up, the state will have $400 million over in collections in the current fiscal year and $1 billion additional revenue coming into the state coffers in FY 2024-25.