NC budget gap likely to require more spending cuts – AP

RALEIGH, N.C. Stubbornly weak tax collections and double-digit unemployment rates mean more spending cuts are looming for North Carolina’s public agencies and nonprofit groups that depend on state funds.

Although the state’s fiscal picture isn’t as bleak as last year, Democratic budget-writers who are preparing for the legislative session that begins May 12 will likely confront a gap of several hundred million dollars between projected revenues and expenses for the fiscal year that begins July 1.

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