Budgets (page 2)

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    Illinois’ budget woes influence national COVID-19 relief debate

    Charles Fain Lehman of the Washington Free Beacon explains why the Prairie State is causing consternation on Capitol Hill. As a coronavirus-driven cash crunch collides with nearly two decades of unbalanced budgets and exorbitant pension spending, insolvency is on the horizon in Illinois. The state’s Democratic lawmakers have…
    Mitch Kokai, May 8, 2020
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    Senate Democrats seek ‘huge bailout’ for states

    Susan Ferrechio of the Washington Examiner reports on Senate Democrats’ priorities for another round of federal coronavirus relief. Senate Democrats are demanding that the Republican majority agree to a fourth federal spending bill that would supply $1 trillion to state and local governments suffering from lower revenues due…
    Mitch Kokai, May 7, 2020
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    How N.C. DOT spent $742 million more than its budget

    Poor cash management resulted in massive overspending, which left the agency in dire financial straits in 2019. These challenges are again critical as the legislature plans to use $300 million in CARES Act funds to offset the collapse in gas tax revenues. State Auditor Beth Wood’s report on…
    Joseph Coletti, May 5, 2020
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    New Carolina Journal Online features

    Julie Havlak reports for Carolina Journal Online that effects of COVID-19 are extending beyond the threats of infection. The Daily Journal explains how the federal government has muddied a state constitutional debate over control of government spending.
    Mitch Kokai, May 5, 2020
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    General Assembly pegs first $1.6 billion of $3.5 billion Coronavirus Relief Fund

    The General Assembly was in session Wednesday through Saturday to begin appropriating money from the CARES Act. They’ll be back May 18 to possibly distribute more of the $3.5 billion slated for state government from the Coronavirus Relief Fund. Another $500 million will go directly to Wake County, Mecklenburg County and…
    Joseph Coletti, May 4, 2020
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    New Carolina Journal Online features

    Lindsay Marchello and Kari Travis report for Carolina Journal Online on the N.C. General Assembly’s COVID-19 relief package. John Hood’s Daily Journal warns that federal spending linked to the COVID-19 pandemic makes an existing debt problem worse.
    Mitch Kokai, May 4, 2020
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    Quick comparison of Conference Report with House and Senate

    House and Senate negotiators ended up with a bill that appropriates $1.6 billion of the $3.5 billion the state will receive from the CARES Act’s Coronavirus Relief Fund. The attached spreadsheet provides a side-by-side comparison of the conference bill with previous versions and the John Locke Foundation’s “reverse logrolling” tool,…
    Joseph Coletti, May 2, 2020
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    Federal Coronavirus Relief: spend less now to have some available later

    Money from the federal Coronavirus Relief Fund CARES Act is best held in reserve until we have a clear understanding of how much tax revenue falls, what needs are still left unaddressed by other sources of federal funds, how Gov. Cooper will cut unessential spending, and the flexibility North Carolina…
    Joseph Coletti, April 29, 2020