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Tabor City Tribune in Tabor City, North Carolina

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Newspaper

Tabor City Tribune

Location

Tabor City, North Carolina, United States of America

Date

Jun 25, 1948

Page

9

State Budget Actions And Bonding Of State Officials

The 1947 General Assembly delayed investment in bank deposits and limited us government obligations to balance cash. The Governor and Council of State must approve if funds remain after meeting General Fund needs. Officials involved include the Governor, State Treasurer, State Auditor, Secretary of State, Insurance Commissioner, Agriculture Commissioner, and State Superintendent of Public Instruction with the Attorney General as legal adviser. The Attorney General faces impeachment risk for excess authority and bonding concerns of 750,000. Accusations against State Treasurer Charlie Johnson target neglect during his tenure on the Council. Income taxes peak in March, with spring months yielding lower General Fund outlays. average monthly spend is about six and a half million dollars.

U. S Council of State Insurance Agriculture Scott Charlie Johnson North Carolina General Fund

Also Mentioned on This Page

Highway Fund The Federal Reserve System Total Funds Federal Treasury Federal Deposit Insurance Corporation Federal Reserve Board General Assembly
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