Saturday, May 3, 2014

O’ no half a billion short fall, what will happen now?

20110701_BudgetDeficit4North Carolina government now faces a $445 million revenue shortfall when the fiscal year ends June 30, state budget analysts estimated Friday, raising more hurdles to Republicans’ efforts to give pay raises to all teachers and state employees.

Revenues are now predicted to fall 2.1 percent short of the $20.6 billion the legislature said it needed to carry out this year’s budget, according to a memo written by the General Assembly’s top economist and a state budget official and obtained by The Associated Press.

I guess our teachers won’t be getting those raise now, will they..


Related Posts Plugin for WordPress, Blogger...