Voters in Charge

DeSue, Tedra
March 2005
Bond Buyer;3/3/2005, Vol. 351 Issue 32082, p31
Trade Publication
The article reports that the North Carolina governor Mike Easley has proposed a $16.9 billion budget for the 2005-07 biennium that would require voters to approve most issues over $25 million. The proposed borrowing cap stems from the governor's concern that the state is biting off more than it can chew when it comes to selling bonds. Easley's budget also maintains the one-half cent sales tax that was implemented in 2001 to get through the economic downturn.


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