Business & Economy
7:05 am
Wed December 14, 2011

Fiscal Agents Discuss State's Financial Outlook

Fiscal agents throughout North Carolina government and the university and community college system gathered in Raleigh yesterday to address fiscal challenges facing the state. 

Scott Ralls is President of the state community college system.  The recession hit around the time he took the helm.

Scott Ralls:  "It certainly has been a challenge, not just because the loss of revenue that has been challenging to budget and prioritize, but also the very significant increase in demand that we simultaneously faced during that timeframe."

The Financial Outlook conference was organized by state Controller, David McCoy. He is optimistic about 2012.

David McCoy:  "What we anticipate is stable but moderate growth."

McCoy says North Carolina is one of seven states that still has a Triple-A Bond Rating from all three reporting agencies.