'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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