Hagan's campaign flier
Kay Hagan has a campaign flier that she's been handing out while on the hustings. It basically highlights her accomplishments and gives a brief bio. Pretty standard stuff. One bullet point caught my attention.
"While Washington continues to run outrageous debts, Kay, as co-chair of the Budget Committee, made sure North Carolina had a balanced budget."
Hagan can take credit for a lot of things, but I'm not sure this is one of them.
Article III of the state constitution says: "The total expenditures of the State for the fiscal period covered by the budget shall not exceed the total of receipts during that fiscal period and the surplus remaining in the State Treasury at the beginning of the period."
In other words: the state is constitutionally required to have a balanced budget.
