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CU System
CU partners may feel N.C. budget cuts says league
RALEIGH, N.C. (2/22/11)--North Carolina Gov. Beverly Perdue’s proposed budget will not affect the budget of the state’s Credit Union Division, but some cuts may impact partners who work with the state’s credit unions, said the North Carolina Credit Union League. “The Republican majority and now the governor have announced that state funding to a number of non-profits will be reduced,” said Lauren Whaley, league director of legislative and regulatory affairs. “It seems many non-profits will be encouraged to reorganize, consolidate or regionalize services” (The Weekly Update Feb. 18). The anticipated budget recommendations from the governor were announced Thursday. To balance her budget, Perdue relies on a combination of cuts, continuation of some temporary tax measures put in place two years ago and elimination of 10,000 state positions (3,000 of which are currently filled). The $19.9 billion budget includes a previously announced plan to narrow 14 agencies and departments into eight, and cut or eliminate 139 additional programs. In the aftermath of the governor’s budget recommendations to the General Assembly, work will begin in the House of Representatives and then the Senate before a final version is approved. “We remain cautious of the work ahead as many of the state’s agencies could see their reserves taken as an effort to close the now anticipated $2.4 billion budget gap,” Whaley said. Perdue’s office rolled out an interactive website that allows residents to attempt to balance the state’s budget by making hard choices such as the governor had to do before outlining her fiscal plan in the State of the State address Wednesday. Using “Charlie the Plott Hound,” Balance the Budget Challenge allows North Carolinians to see the major parts of the state budget and decide which ones to cut--or spend more money on in some cases. The budgeting tool includes an emphasis on the state’s major expenditure areas--including education, social services, public safety, expenditures aimed at attracting new jobs, and general areas of government spending. The site offers a range of spending choices under each emphasis area. Total savings are added up as people work through the exercise.


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