Rainy-Day’ Fund Perdue Seized Still Has Money | Politics.MyNC.com

Categorized | North Carolina, Politics

Tags : ,

Rainy-Day’ Fund Perdue Seized Still Has Money

Posted on 08 September 2009 | Jennifer Wig

Rainy-Day’ Fund Perdue Seized Still Has Money From AP

RALEIGH, N.C. – Gov. Beverly Perdue hasn’t had to use up all of North Carolina’s “rainy-day” funds to manage the state’s fiscal storm.

Perdue’s office said Tuesday there’s still $150 million left over from the $787 million Perdue took from the savings reserve account in March. The extra money means the state has some cash to respond to a hurricane or other disaster.

Perdue took the money to ensure the state could pay its bills because of dwindling tax collections. There was no guarantee any money would be left over.

The State Controller’s Office released a report late last week finalizing numbers for the fiscal year ending June 30. It says tax revenues dropped 10.9 percent, or more than $2 billion, compared to the previous year.

Leave a Reply

Video Content

Candidate Statements

Decision 2008 in your inbox

Enter your email address:

Delivered by FeedBurner