Comments on: Continuing resolution is $600 million out of balance http://pulse.ncpolicywatch.org/2009/06/29/continuing-resolution-is-600-million-out-of-balance/ Affecting NC public policy through informed, energetic and progressive conversations. Sat, 11 Feb 2012 03:14:42 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: The Progressive Pulse – Stam-n-Berger’s number crunching: not ready for prime time http://pulse.ncpolicywatch.org/2009/06/29/continuing-resolution-is-600-million-out-of-balance/#comment-39398 The Progressive Pulse – Stam-n-Berger’s number crunching: not ready for prime time Wed, 08 Jul 2009 20:12:19 +0000 http://pulse.ncpolicywatch.org/?p=6830#comment-39398 [...] failed to recognize that the baseline revenue forecast even after adding in stimulus dollars still falls several hundred million dollars short of being able to support that spending level! Share and [...] [...] failed to recognize that the baseline revenue forecast even after adding in stimulus dollars still falls several hundred million dollars short of being able to support that spending level! Share and [...]

]]> By: Elaine Mejia http://pulse.ncpolicywatch.org/2009/06/29/continuing-resolution-is-600-million-out-of-balance/#comment-38774 Elaine Mejia Mon, 29 Jun 2009 18:38:35 +0000 http://pulse.ncpolicywatch.org/?p=6830#comment-38774 You have misunderstood my point. Moreover, if your numbers were accurate, which I do not believe they are, you would be making my point even stronger. In our discussions with administration officials two weeks ago they indicated that current year general fund spending (before stimulus) would be $18.4 billion, rising to $19.5 billion after stimulus funds are included. The CR "authorizes" spending equivalent to that amount (assuming stimulus funds can be used) but the baseline tax revenue forecast ($17.5 billion) plus stimulus funds ($1.4 billion) would only allow spending of $18.9 billion, or $600 million less than was spent this year. If your number ($20.3) were accurate that would mean that there would be an even greater gap between what the state will be able to spend under the CR (given baseline tax revenue constraints) and what was actually spent this year. Nice try. You have misunderstood my point. Moreover, if your numbers were accurate, which I do not believe they are, you would be making my point even stronger. In our discussions with administration officials two weeks ago they indicated that current year general fund spending (before stimulus) would be $18.4 billion, rising to $19.5 billion after stimulus funds are included. The CR “authorizes” spending equivalent to that amount (assuming stimulus funds can be used) but the baseline tax revenue forecast ($17.5 billion) plus stimulus funds ($1.4 billion) would only allow spending of $18.9 billion, or $600 million less than was spent this year. If your number ($20.3) were accurate that would mean that there would be an even greater gap between what the state will be able to spend under the CR (given baseline tax revenue constraints) and what was actually spent this year. Nice try.

]]> By: Chris http://pulse.ncpolicywatch.org/2009/06/29/continuing-resolution-is-600-million-out-of-balance/#comment-38772 Chris Mon, 29 Jun 2009 18:17:55 +0000 http://pulse.ncpolicywatch.org/?p=6830#comment-38772 Elaine, I have some differing math. According to the Governor's office, actual expenditures for 2008-2009 are expected to be $20.3B. 85% of that would be $17.25B, thus given projected revenues ($17.5B) would equal a surplus of roughly $250M. Elaine,

I have some differing math.

According to the Governor’s office, actual expenditures for 2008-2009 are expected to be $20.3B.

85% of that would be $17.25B, thus given projected revenues ($17.5B) would equal a surplus of roughly $250M.

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