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RALEIGH, NC (AP) — Senate Republicans are demanding that Democratic Gov. Bev Perdue’s administration turn in some money it uses to lure companies to build or expand in North Carolina so it can help close next year’s budget.

The full Senate was expected Thursday to debate and vote on a bill that lays out a plan to find budget savings and extra cash to narrow a projected $3.7 billion budget gap starting this summer. The measure directs Perdue to find at least $400 million in budget savings but also would siphon money from more than 20 reserve and dedicated funds to capture another $142 million.

Commerce Secretary Keith Crisco told budget committee members Wednesday such a move would discourage companies from setting up shop in the state.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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2 Comments on "Lawmakers ready to debate money-saving plan"


Guest 481
2015 years 9 months ago

will never give up any money that would prevent her from taking trips out of the country on the pretense of industry hunting while actually taking vacations on taxpayers money.

She rather take away from the mentally and physically disabled (medicaid and medicare)or pay tens of millions on a no bid contract to preferred (by DHHS Secretary Cansler)private companies than reduce her vacation time. This has got to be the worst Governor and Administration of all time for North Carolina. Even worse than Felon Mike Easley. Do we have to wait until she is out of office for her activities to be investigated?

Guest
2015 years 9 months ago

Look around no companies are coming to our state. Therefore Perdue doesn’t need that money to attract companies. The corporate tax rate needs to be reduced to attract companies and to give a break to the companies that are here employing North Carolina residents.

 

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