General Fund – what does that mean?

Posted on January 17, 2013 at 3:59 pm, by

When referring to the State’s budget we commonly see the term, General Fund.  Many legislators and commentators during the budgeting time use this term incorrectly, but for John Locke’s purposes (and many others) this only refers to North Carolina’s portion of the budget.

On average we see NC’s portion of the state budget, the general fund, around $20 billion.  This includes categories such as: education, health and human services, justice and public safety, natural and economic resources and general government.  Our budget as a whole amounts to a figure around $50+ billion.  Federal allocation to North Carolina, highway and highway trust funds, and other smaller categories account for the additional $30 billion.

2 comments

  1. Great blog…Simply informative which is needed in this confusing political climate we live in today.

    Comment by NCPolitics on January 17, 2013 at 4:11 pm

  2. Thanks for this clarification. I was actually just wondering about this the other day. Thanks :)

    Comment by rjansen.nc on January 17, 2013 at 4:12 pm

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