State Budgets: North Carolina Ponders Options December 28, 2008 Joseph Bishop-Henchman Joseph Bishop-Henchman Officials say state revenue is running $320 million under projection so far (out of a $7.2 billion budget), and Gov. Mike Easley (D) estimates that the final shortfall will be about $1.2 billion. Easley is going ahead with capital spending projects, and has held up 5% of agency budgets. Newly elected Gov. Bev Perdue (D) has said she plans on lobbying for federal aid. More on North Carolina here. Stay informed on the tax policies impacting you. Subscribe to get insights from our trusted experts delivered straight to your inbox. Subscribe Share Tweet Share Email Topics North Carolina Tags State Tax and Spending Policy