The Final FY 2010-11 Budget: Will It Support Economic Recovery?

The Great Recession has increased demand for services at the same time that it has reduced available revenue, putting pressure on our public systems at the exact time when their rapid response is critical to the state’s economic recovery. Heading into this year’s budget process, policymakers in North Carolina were facing a budget shortfall of $1.2 billion, $703 million due to a downward revision of the revenue forecast and $539 million due to increased costs to maintain state services. [Continue Reading...]