Page 67 - State Controller News Today

Spend it NOW! Here’s a question for North Carolina’s leaders: If what our state is experiencing right now isn’t a “Rainy Day,” pray tell what is? Our State Controller just reported our state has $4.38 billion in unallocated funds stored up and that surplus is growing by millions of dollars each month. This amount doesn’t even include the $1.1 Billion Rainy Day Fund set aside for emergencies. The true total is almost $5.5 billion.   Two questions immediately surface. First, how did ...

COVID recession has not blown a hole in NC budget John Hood RALEIGH — Since the beginning of the COVID-19 recession in March, North Carolina policymakers have been watching government revenues and expenditures carefully. How big a hole would the economic downturn poke in the state budget? Would cash-strapped localities come begging for aid? Would lawmakers feel compelled to raise taxes or cut spending drastically to balance the books? While we have no conclusive answers, the recent report fro...

Submitted by BlueNC on Thu, 12/10/2020 - 08:33 ELON POLL FINDS 60% OF NC RESPONDENTS MAY NOT TAKE COVID VACCINE: That number is “low and disappointing,” UNC Charlotte public health sciences Professor Melinda Forthofer told the Observer. “Our best bet for managing this pandemic is to have a much higher percentage of people receiving the vaccine when they can,” she said. Some people surveyed by the Elon poll said they wouldn’t get the vaccine because they worry they could contract COVI...

At the trump international hotel in washington, d.c. over a two-year period. thats according to receipts and documents obtained by the paper. the spending was first flagged by an employee in the state controllers office back in june 2017. an e-mail to a superior reads, quote, the governor and some of his staff are staying in washington, d.c. pretty frequently at the trump international hotel and the room cost is way more than the allowed amount. it goes on, quote, hes not attending a conference ...

Listen to your own state controller an ombudsman september twenty sixth in judge joseph sabir lambasted what he said were the minimal activities of the education system to support unity and israel society the state of israel is doing very little he said this is in september twenty sixth years after you say youre trying to do something done doing very little to purge the severe phenomena of racism and hatred among youth and to promote a shared theyre doing very little he says look in all western ...

You on fire. if you dont live in new jersey, better hope your state is not doing the sameñr thing. get this one. new jersey inmates have collected $23 million in government benefits, benefits they are not entitled to receive. the new jersey state controller joins us. i should say, that $23 million was over what period of time? >> over a 22-month period, between 2009 and 2011. >> greta: before july 1, 2009, were benefits also given, not just part of your report? >> yeah. we picked a 22-month per...

Business, people can move and weve done countless stories about how people have moved their businesses to colorado or to texas. the second thing is the state controller reported that the state at this time has exceeded spending. at the same time that they have no money, the state exceeded spending by $2.1 billion in this time period. so thats how you get that difference in the numbers right there. more people continue to move out so what does the governor want to do now? continue to raise taxes....

Start getting tax revenues sometime in the spring. but the republican lawmakers pointed out how can you pay money back when you are spending more money than you take in. to that the state controller gave a simple explanation. he says more cash solutions may be required if our revenues continue to erode. or disbursements significantly exceed estimates. the english translation to that is we are broke. we are going to raise your taxes. megyn: more cash solutions. let me give you a piece of parting ...

Rates in the midst of an election year. >> as the economy improves, sometimes the unemployment rate can go back up as some of those discouraged workers come out and say if there are jobs im going start look for it. >> reporter: the congressional budget office projects the unemployment rate at end of the year will be 8 about -- about be 8.9%. it might well be rising in the closing weeks of the presidential election. megyn: jim, thank you. also on the economy we are tracking a new cash crunch in t...

We followed this year after year. the thing that gets people upset is they get an iou on their tax returns. is that happening? >> reporter: apparently whoever did the math forgot to carry the 1. governor jerry brown and the state lawmakers thought they had enough money to last through the end of june. turns out california came up short, $2.6 billion short. so now california has to borrow another $860 million from a state account then delay payments to the university system as well as medi-cal, t...