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2019-21 House Budget: Savings Reserve

The Savings Reserve, the state’s rainy-day fund, would increase to $1.5 billion over the biennium under the House budget proposal, though it also leaves $600 million unspent that could be available in case of an urgent need. With the recently forecast $700 million surplus, the Senate could more rapidly rebuild this Reserve.

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Joseph Coletti / Senior Fellow

Joe Coletti is a senior fellow at the John Locke Foundation focused on fiscal policy issues. He previously headed the North Carolina Government Efficiency and Reform initiativ...

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