Reserve fund spotlight: Information Technology Reserve

Reserve fund spotlight: Information Technology Reserve

Over the last year, the Carolina Journal reported on the use of “reserve funds” in the state budget: billions of taxpayer dollars that are appropriated yet not accounted for in the general fund’s headline numbers. This has allowed sizable expansion in the state budget while keeping the headline budget number at a more acceptable level. So, where is the money going, and how do reserve funds work? Carolina Journal is examining some of these “reser…