'Rainy-Day' Fund NC Gov Seized Still Has Money

Gov. Beverly Perdue hasn't had to use up all of North Carolina's "rainy-day" funds to manage the state's fiscal storm.

Perdue's office said Tuesday there's still $150 million left over from the $787 million Perdue took from the savings reserve account in March. The extra money means the state has some cash to respond to a hurricane or other disaster.

Perdue took the money to ensure the state could pay its bills because of dwindling tax collections. There was no guarantee any money would be left over.

The State Controller's Office released a report late last week finalizing numbers for the fiscal year ending June 30. It says tax revenues dropped 10.9 percent, or more than $2 billion, compared to the previous year.

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  • by Obama Snake Oil Co Location: Washington on Sep 9, 2009 at 08:38 AM
    Bob, you mean what Bernie Madeoff did? Here is my question; How in the world does this state need more taxes than ever in the history of the state, especially, when NC is taking in billions in stimulus? The increased taxes on everything, sales, smokes and drinks, plus a whole new list of taxes. Yet, it is never enough. She has "new taxes" lined up to come. Well, some voted on the last garbage governor and this one, when will you ever learn?
  • by Bob Location: Belhaven on Sep 9, 2009 at 06:42 AM
    What we are suppose to be happy and think she is doing good because she didn't SPEND it ALL!(YET!) what a joke she is. These Obamonites don't know anything but spend, spend, spend. They act like two year olds turned loose in a candy store! They don't care how bad this will not only hurt us poor tax payers, but future generations! Its criminal! They are doing what others have been sent to jail for, spending what you don't have!
  • by Rick on Sep 9, 2009 at 04:05 AM
    If there had been fiscal responsibility over the years, we wouldn't find ourselves in this state. Spend, spend, spend and now raiding every nickel available to pay for pork projects. How many of you are in hock on your credit cards and live paycheck to paycheck? Wake up people!
  • by Bill Location: Greenville on Sep 9, 2009 at 02:38 AM
    She had to leave some money for her trips abroad, Like Mike Easely proved somebody has to pay for his and his wifes trips. She is using the same old playbook from the previous admistration of which she was one of. I do not think I can be anymore disappointed in a single politician than our present governor.
  • by Anti-Terrorist Location: Greenville on Sep 8, 2009 at 09:17 PM
    Noneya - Note she spent every last dime and then spent 80% of the states emergency savings account. Tax collections fall because of less jobs, less people spending and more people spending less. Increasing taxes will continue the cycle but thats what Bev and here party do.
  • by Matt Location: NC on Sep 8, 2009 at 07:39 PM
    Dwindling tax collections? What? I'm paying mine and then some. What kind of "feel good" story is this? This woman has done nothing good for NC. Not to mention she has and still stands with obama! One and the same!
  • by Greg Location: Winterville on Sep 8, 2009 at 07:11 PM
    We may still need it, it is still RAINING
  • by Noneya Location: IBX on Sep 8, 2009 at 06:52 PM
    This is one good thing she has done...........................not spent every last dime..................unlike most politicians. (still don't support her)

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