BTC REPORTS: All Hands on Deck: Predictions for the FY 2010-11 and FY 2011-12 budget shortfall

The national recession that began in December 2007 and the anemic recovery thus far exacted heavy tolls on North Carolina’s economy. Unfortunately for state leaders, budget projections for this year and the next indicate their work is far from over. The state will face a budget shortfall of approximately $1.6 billion in FY 2010-11 and an estimated $3.3 billion to $4.4 billion in FY 2011-12.

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