Displaying items by tag: spending

In 1954, Congress passed, and President Dwight D. Eisenhower signed, a bill transforming Armistice Day — Nov. 11, a post-World-War I celebration of peace — into Veterans Day,  a celebration of warriors.

RALEIGH — The N.C. Department of Transportation continues to be under the watchful eye of the state auditor, who in a report released this week says that department failed to exceed its developed spending plan only by pure luck.

RALEIGH — State Senate leaders will propose spending $3 billion over the next two years on capital and infrastructure projects. That money is part of a larger 10-year, $12 billion “cash” plan tied to the Senate’s budget.

RALEIGH — North Carolina has collected more than $6 billion in state taxes than was originally forecast in May 2020 by state economists. That’s the finding of a report presented to members of the Joint Full Chairs Appropriations Finance Committee by the nonpartisan Fiscal Research Division at the General Assembly and the Office of State Budget and Management.

RALEIGH — With the end of the state’s fiscal year just three weeks away, the N.C. House and Senate have reached a deal for the next budget. After weeks of closed negotiations, N.C. Senate and House leaders have agreed to a top-line spending number of $25.7 billion in the first year and $26.7 in the second year. That’s a spending increase of 3.45% in the first year of the biennium and 3.65% in year two.

RALEIGH — With one month to go before the end of the fiscal year, at the General Assembly lawmakers are hammering out how to budget more than $25 billion in the next state spending plan. Republican leaders in the House and Senate have already agreed to spend significantly less than budget priorities submitted by Gov. Roy Cooper in March.

RALEIGH — After two years of stalemate with the General Assembly, Gov. Roy Cooper used his “State of the State” address to pressure lawmakers to embrace his priorities — expanding Medicaid and dramatically increasing state spending. 

The Biden administration has continued the government spending spree of the Trump administration started and has even managed to speed it up. Never before has the federal government run a budget deficit this big through the first six months of a fiscal year.

RALEIGH — Gov. Roy Cooper signed a more than $2 billion COVID relief bill on Wednesday, Feb. 10, despite his call for more spending.

“Military leaders are worried about the shrinking pool of young people who qualify for military service,” Gina Harkins reports at Military.com. “More than 70% of young Americans remain unable to join the military due to obesity, education problems, or crime and drug records.”