North Carolina Legislators Iron Out $19 Billion Budget Deal

DeSue, Tedra
July 2006
Bond Buyer;7/5/2006, Vol. 357 Issue 32416, p3
Trade Publication
The article reports on the agreement of lawmakers on a $19 billion state spending plan for the current fiscal year which includes $632 million of borrowing in North Carolina. Most of the debt which will be issued as special indebtedness will be used to build two psychiatric hospitals. The facility will be financed by up to $145.5 million of debt. County officials in the state have expressed concerns over how much they have to contribute to help cover Medicaid expenses.


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