newsobserver.com projects - Charles Perusse - Comments

Re: Economy may rebound, but not budget

Thinking — Wed, 11 Mar 2009 14:41:27 -0400

The state doesn't fund college sports or pay coaches salaries, not the big dogs anyway.

Re: Economy, Revenue and Budget

ryanteaguebeckwith — Wed, 11 Mar 2009 12:05:51 -0400

If the economy rebounds, then more tax revenue will be received, both because more people are back at work, and because businesses are making a profit.

You're right, but you're missing the point. The fiscal year begins in July, and he doesn't anticipate the economy rebounding until early 2010.

Given a lag of several months between a better economy and increased tax revenue, there won't be additional revenue by the end of the budget year.

— RTB

Re: Economy may rebound, but not budget

igliigli — Wed, 11 Mar 2009 11:41:07 -0400

Save the state budget over 200 million every year.
Fire all the UNC System coaches.
College sports, the biggest taxypayer and student rip-off around.

Re: Economy, Revenue and Budget

night_hunter — Wed, 11 Mar 2009 11:35:05 -0400

Who are we trying to fool here? If the economy rebounds, then more tax revenue will be received, both because more people are back at work, and because businesses are making a profit. "Projections" are best guesses based on the incomplete information available and historical records - and in my experience does not fall within 20% of reality -good or bad. The budget, on the other hand need not be designed to spend all available revenue, and in fact should provide for savings for emergencies, down turns in the economy like this one, and projects that are so enormously expensive that an increase in cost due to the length of the project is guaranteed.