Governor Beverly Perdue now says the budget shortfall for next fiscal year has dropped from $3.7 billion to $2.7 billion. This comes out just as the House was debating SB13 that would redirect money from the Governor’s One North Carolina Fund to the General Fund and other sources.
The Governor’s press office sent an email with some details:
$700 million in better than expected revenue (don’t have a breakdown yet of income v. corporate v. sales)
$200 million in controlling Medicaid costs, meaning we planned to have to spend it but didn’t have to.
$50 million in controlling state health plan costs, (ditto above)
$50 million in a hodgepodge of savings, such as controlling debt costs.
Source on all this is OSBM
The bill being debated in the House would find roughly $800 milli0n in savings for this fiscal year.