Gov. Perdue has hinted that she may consider vetoing SB 13 – largely because it would divert a small chunk of her corporate welfare bribe money economic development funds. She claims doing so would hurt job growth in NC. The real reason she is upset about the thought of these funds being diverted to the [...]
Budget & Taxes Archives
Balanced Budget Act tentatively approved by House after testy debate
The debate took over three hours but SB13 was given tentative approval by a 66-51 vote. Democrats objected to third reading so the bill will be on the House calendar Thursday. The proposal lets the Governor find $400 million in savings in this year’s budget but goes beyond that to find another nearly $400 million in [...]
Second Reading of SB 13 Debated and Passed in House
SB 13, the Balanced Budget Act of 2011, was debated on the House floor today. Rep. Brubaker began by explaining the bill. The legislation has been offered to address the $3.7 (or $2.7 according to the Governor) billion budget shortfall in the coming fiscal year. Specifically, it would authorize the governor to hold back $400 [...]
Governor says new revenue picture and some savings shrink budget shortfall
Governor Beverly Perdue now says the budget shortfall for next fiscal year has dropped from $3.7 billion to $2.7 billion. This comes out just as the House was debating SB13 that would redirect money from the Governor’s One North Carolina Fund to the General Fund and other sources. The Governor’s press office sent an email with [...]
Here come more earmarks
State Democratic Representatives Marvin Lucas, Diane Parfitt, Rick Glazier and Elmer Floyd introduced a bill to give $1 million to the Partnership for Defense Innovation. It’s a non-profit organization that is supposed to help businesses and inventors connect with the military for contracts. It is located in Fayetteville which is in the district the bill [...]
