North Carolina has a statutory spending limit under North Carolina General Statutes, Chapter 143C, Section 4-6, The statute places a limit on general fund operating budget to 7% of total state personal income. It exempts appropriations for capital expenditures and one-time expenditures. Because this is statutory, the TEL can be overridden by a simple majority vote.
Year | Inflation-adjusted Actual Spending |
---|---|
1992 | 18,947,580,000 |
1993 | 20,352,840,000 |
1994 | 23,355,850,000 |
1995 | 23,885,680,000 |
1996 | 22,440,490,000 |
1997 | 24,378,140,000 |
1998 | 25,740,990,000 |
1999 | 27,239,540,000 |
2000 | 28,342,800,000 |
2001 | 28,302,250,000 |
2002 | 28,793,230,000 |
2003 | 28,823,930,000 |
2004 | 29,648,170,000 |
2005 | 32,698,050,000 |
2006 | 31,747,840,000 |
2007 | 35,747,630,000 |
2008 | 36,808,800,000 |
2009 | 38,972,160,000 |
2010 | 37,584,960,000 |
2011 | 38,175,400,000 |
2012 | 40,012,170,000 |
2013 | 33,545,200,000 |
2014 | 33,003,060,000 |
2015 | 33,394,290,000 |
2016 | 33,970,060,000 |
2017 | 35,390,810,000 |
2018 | 33,599,730,000 |
2019 | 35,159,610,000 |
2020 | 37,944,800,000 |