Republicans in the North Carolina Senate have proposed a $20.6 billion budget for next year. That’s essentially the same size as Governor Pat McCrory’s proposal. Spending in major categories would be mostly flat except for health and human services and natural and economic resources. However, Medicaid spending would grow 11 percent compared to this year.
Charlotte is ranked third in the nation for paying its bills on time. Not just any bills – pension bills. That's according to a new report by The Pew Charitable Trusts. They found that the country's largest cities have an unpaid tab of more than $200 billion when it comes to retirement benefits promised to employees. And it turns out Charlotte has been preparing for retirement relatively well when it comes to pension plans.
