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Senate budget availability: part one, credit balance

Post on May 24, 2011 by 1 Comment »

The Senate budget assumes a higher end-of-year credit balance due to the upward revised revenue forecast. The slight uptick in deposits to the Rainy Day Fund and Repairs & Renovations Reserve Account are the resulting of recalculating the statutory set-aside on the new, higher balance.

While these changes don’t constitute earth-shattering news, it’s significant because if one chamber significantly disagrees with the other on availability, it adds a whole extra layer of complexity to conference committee negotiations. The credit balance side of the availability picture is in general agreement – it’s the adjustments where the chambers differ. More on those differences shortly …

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Comments (Closed):1

  1. Alida Hartley
    May 24, 2011 at 2:19 pm

    Phil Berger just and most of the GOP care only for the wealthy. This is so wrong to tie up federally funded unemployment benefits in with the state budget.He is using the unemployed and hardest hit N.C. families as pawns for his own gain. This is disgraceful. How can the GOP call themselves the Christian party? I don’t see Christ in any of this. This is evil manipulation of the most needy citizen of N.C.plain and simple. Mr. Berger you should be ashamed of yourself. I’m ashamed of you. This bill can easily stand alone. Why don’t you use something else to bargin with instead of your own citizens. The GOP hasn’t been in control of the house in 140 years until now. I hope you enjoy your time there because I really don’t think you will get another term with these kind of tactics. Now I see why the GOP hasn’t had control in 140 years in N.C. They abuse there power!!