Tag: Rainy day funds

Pew frets about state reserves

North Carolina’s primary rainy-day fund had $3.6 billion as of last summer, which would fund about 42 days’ worth of state spending, a drop-off in reserves that parallels national trends, the Pew Charitable Trusts say. The state is two years — and a devastating hurricane — down the road from a mid-2023 peak that saw […]

Written by on April 15, 2026

Rainy day funds

If North Carolina blows through its $4.75 billion rainy day fund dealing with Hurricane Helene’s aftermath, and if it then needs to restock it to the tune of $10 billion or more, that begs the question of where the money’s going to come from. It won’t come from a tax increase, Senate leader Phil Berger […]

Written by on November 22, 2024