Budgets

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    This weekend on Carolina Journal Radio

    North Carolina lawmakers and law enforcement agencies are placing a new emphasis on fighting human trafficking. Rick Henderson explains how they’re pursuing that goal during the next edition of Carolina Journal Radio. Joseph Coletti examines claims that the N.C. state budget will feature a $1 billion…
    Mitch Kokai, July 21, 2017
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    Fewer taxpayers in 2019

    A new Fiscal Research Division analysis finds that increasing the standard deduction in 2019  means 230,000 more people will not owe state income taxes than in 2012, before tax reform began. Compared to this year, 95,000 more people will have no tax liability.
    Joseph Coletti, July 20, 2017
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    House GOP wants to pump more money into military

    Natalie Johnson of the Washington Free Beacon highlights U.S. House Republicans’ proposal to ramp up military spending. The Republican-led House released its budget blueprint Tuesday that calls for a steep increase to military spending that would break caps imposed by the 2011 Budget Control Act and require GOP…
    Mitch Kokai, July 20, 2017
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    The value of spending caps

    Daniel Mitchell of the Cato Institute highlights a new video that demonstrates the important role of spending caps in guaranteeing government fiscal restraint. Mitchell also summarizes some of the video’s key points: 1. Demographics – Almost all developed nations have major long-run fiscal problems because welfare states will…
    Mitch Kokai, July 17, 2017
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    North Carolina’s Rainy-Day Fund at Highest Level Ever

    JLF’s Joe Coletti has produced an easy-to-understand analysis of North Carolina’s new General Fund budget for 2017-19. Among the highlights: savings. The General Assembly has created a mechanism to ensure the adequacy of the Savings Reserve Account, instituting mandatory transfers beginning in FY2018-19 and placing restrictions on how its…
    Donna Martinez, July 17, 2017
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    Your tax dollars subsidize billion-dollar nonprofits

    Elizabeth Harrington of the Washington Free Beacon highlights another questionable use of your tax dollars. The National Foundation on the Arts and Humanities is giving millions of taxpayer dollars to nonprofits with assets of over $1 billion. OpenTheBooks.com, a transparency watchdog group, released a report this week highlighting…
    Mitch Kokai, July 14, 2017
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    Study: Pension changes do not increase teacher turnover

    In an ILR Review study of pension structure and employee turnover, researchers Dan Goldhaber, Cyrus Grout, and Kristian Holden examined turnover among teachers enrolled in either a traditional defined benefit (DB) plan or a hybrid defined benefit-defined contribution (DC) plan offered by the Washington Department of Retirement Services.  The…
    Terry Stoops, July 13, 2017
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    Where Does Your Money Go?

    Check out the major areas of the new $23 billion General Fund budget for FY 2017-18. More details here.
    Donna Martinez, July 13, 2017