Budgets

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    This weekend on Carolina Journal Radio

    A judge has approved a courtroom deal that could lead to billions of dollars in new spending on N.C. public schools in the years ahead. Terry Stoops analyzes this latest development in the long-running Leandro school funding lawsuit for the next edition of Carolina Journal Radio.
    Mitch Kokai, September 18, 2020
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    NCGA’s Budget Prevents Exploding Debt, Protects Scholarships

    North Carolina recently passed the “Coronavirus Relief Act 3.0” with Gov. Roy Cooper’s signature, but it is clear from what happened that the governor did not so much approve of the budget and that he begrudgingly signed it. As JLF’s Joe Coletti writes in his research brief this week: Just…
    Brenee Goforth, September 18, 2020
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    New Carolina Journal Online features

    Julie Havlak reports for Carolina Journal Online on expert reaction to Gov. Roy Cooper’s lawsuit challenging the state’s Rules Review Commission. John Hood’s Daily Journal explains why N.C. state government reserves might not be enough to cover an expected revenue loss.
    Mitch Kokai, September 14, 2020
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    School Choice Victories in Coronavirus Relief Act 3.0

    On September 4, 2020, Gov. Roy Cooper signed HB 1105, “Coronavirus Relief Act 3.0.” The bill allocates approximately $1 billion in federal funding from the CARES Act to various coronavirus-related expenses. $440 million of the money is designated to go to the parents of school-aged children to deal…
    Brenee Goforth, September 11, 2020
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    July revenue report adds to uncertainty

    The full picture for 2019 income taxes is now available, but it does not provide much clarity about the revenue picture for the rest of FY2020-21. The latest General Fund Monthly Report from the Office of the State Controller includes the final income tax payments delayed from April. Personal…
    Joseph Coletti, September 10, 2020
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    Cato expert questions narrative about lost school revenue

    Chris Edwards of the Cato Institute responds to a popular narrative about federal aid. As Congress debates another federal aid package, media stories are portraying state-local governments as facing financial Armageddon. New second quarter data from the BEA shows that is a false narrative. Total state-local tax revenues fell…
    Mitch Kokai, September 3, 2020
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    New Carolina Journal Online features

    Julie Havlak reports for Carolina Journal about the impact of a state law that eliminates budget ultimatums. John Hood’s Daily Journal argues that previous N.C. governors budgeted more carefully than current Gov. Roy Cooper.
    Mitch Kokai, August 31, 2020
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    Cooper’s Budget: Late and Underbaked

    Dem. Gov. Roy Cooper released his budget proposal on Wednesday, August 26. Not only was his budget proposal abbreviated, but it wasn’t even on time. JLF’s Dr. Terry Stoops writes: We teach our children to submit their work complete and on time. Yesterday, Gov. Cooper released what he called a “streamlined…
    Brenee Goforth, August 28, 2020