John Locke Foundation Chairman John Hood answers host Tom Campbell’s question about delays in negotiations to finalize North Carolina state government’s 2015-16 budget. This exchange took place during the Aug. 30, 2015, episode of N.C. Spin.
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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.