CJTV: On the Record

North Carolina Budget Feast

Raleigh, N.C. – 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.