North Carolina

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    • Budget timeframe: Biennial

      Fiscal Year begins: July 1 

      The current state budget, as revised by lawmakers, can be found here.  

      Find the legislative session calendar here.

      Find the current legislative leaders here.

      NC Gov. McCroryGov. Pat McCrory
      Office of Governor Pat McCrory
      20301 Mail Service Center
      Raleigh, NC 27699-0301
      Phone: (919) 733-5811
      Fax: (919) 733-2120




      Art Pope, State Budget Director
      Office of State Budget & Management
      20320 Mail Service Center
      Raleigh, NC 27699-0320
      Phone (919) 807-4700
      Fax: (919) 733-0640


      Want a more robust, long-term look at your state's fiscal health, beyond the budget? There are two parts: Click here for the FY2012 Comprehensive Annual Financial Report compiled by the state government, and click here for information on the state's pension liabilities.


      North Carolina is required to pass a "balanced budget." Article III, Section 5 of the 1971 Constitution states that the total expenditures of the State for the fiscal period covered by the budget shall not exceed the total of receipts during that fiscal period and the surplus remaining in the State Treasury at the beginning of the period. Section 143c-4-1 of the State law further declares that the budget recommended by the Governor and the budget enacted by the General Assembly shall be balanced and shall include two fiscal years beginning on July 1 of each odd-numbered year. Each fiscal year and each fund shall be balanced separately. The budget for a fund is balanced when the beginning unreserved fund balance for the fiscal year, together with the projected receipts to the fund during the fiscal year, is equal to or greater than the sum of appropriations from the fund for that fiscal year. North Carolina law forbids the carrying over of a deficit from one year to the next. North Carolina law requires the Governor to keep a watchful eye on the budget, and to make necessary corrections when deficits begin to develop.


      Our study revealed that despite the balance budget requirements mentioned above, North Carolina's Budgetary Comparison Schedules reported three years of budget deficits (negative net transactions).


      The State maintains the following individual major funds: the General Fund, the Highway Fund, and the Highway Trust Fund. Information within the CAFR for all other funds is aggregated for presentation purposes. The State budgets on a cash basis and the major governmental fund that is budgeted is the General Fund. This is evident by significant differences between actual and budgeted figures (revenues and expenditures) being reported with the State's CAFRs.  [from the Institute for Truth in Accounting]


      Find the state's bond ratings here.

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    • Solutions

      How Reality-Based Budgeting Can Permanently Resolve State Budget Gaps

      State Budget Solutions | by Bob Williams | November 7, 2012

      State Budget Solutions recommends that state legislators take action in 2013 to resolve the serious state financial crises by changing their focus from inputs to outcomes by redesigning budgets from the ground up based on priorities and performance.

    • Solutions

      How to Prevent Future Pension Crises

      by Cory Eucalitto | November 1, 2012

      The time for state and local governments to offer defined contribution retirement plans that protect both taxpayer dollars and public employee retirement security is now.

    • Solutions

      State Lawmakerís Guide to Evaluating Medicaid Expansion Projections

      The Heritage Foundation | by Edmund F. Haislmaier and Drew Gonshorowski | October 17, 2012

      Supporters of Obamacare claim that expanding Medicaid will entail little to no cost to state governments, since the federal government will fund the vast majority of the additional costs. Indeed, some analyses project states achieving savings from adopting the expansion. However, state lawmakers should be wary of accepting such analyses at face value.

    • Solutions

      Medicaid Is BrokenóLet the States Fix It

      The Wall Street Journal | by Paul Howard and Russell Sykes | October 15, 2012

      Block-granting Medicaid is the best way to deliver better, cost-effective care to the most vulnerable Americans.

    • Solutions: North Carolina

      A Blueprint for Budget Reform

      Civitas Institute | by Brian Balfour | September 12, 2012

      The ongoing state budget "crisis" strongly underscores the urgent need for North Carolina to adapt significant state budget reforms, including putting North Carolina taxpayers back in charge of approving new debt, and forcing legislators and state agencies at reasonable intervals to justify all spending, not just spending increases.