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NC Budget and Tax Center

It has been a few weeks since Governor McCrory released his budget proposal for the biennium that runs from July 2013 to June 2015. His proposal has received a lot of praise for building up the state’s various savings reserves, including the Rainy Day Fund, the Medicaid Risk Reserve, and the Repair and Renovations Fund.

What has been less widely scrutinized is whether the reserves in his proposal would be sufficient to cope with the first and potentially second rounds of damaging sequestration cuts to defense and non-defense programs. Read More