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Proposed budgets have to be balanced - by law.
And I don't care who is in charge things happen that can throw budgets out of balance.
I agree that entitlement reform is needed but MOST of that would come from the Federal side.
The state health plan is a big concern
But for pensions funding?
NC ranks 7th according to this:

http://www.chicagobusiness.com/article/20130110/NEWS07/130109847/pension...

(You nay have to click on NC on the map)

We have done well under Democratic Treasurers since 1977(?) It will be interesting to see how Cowell does with new investment leeway recently granted by the Legislature.
The state pension appears to be strong

Vog

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