Budgets

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    Federal tax reform and state tax collections

    Source: Office of the State Controller Did North Carolina tax revenue spike in January because of federal tax reform? After six months of tracking with FY2017 collections, individual income tax revenues in January were 27 percent higher compared to a year earlier, according to the Office of the…
    Joseph Coletti, February 23, 2018
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    All About Entitlements

    Social Security, Medicare, and Medicaid will, if not reformed, take more than one-fifth of economic output in 25 years, according to Stanford Prof. John Cogan. Increases in spending on other domestic programs, debt service, and national defense are dwarfed in comparison.  …
    Joseph Coletti, February 23, 2018
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    Budget Basics: What are Federal Revenues and Other Revenues?

    This is part of a continuing series of posts explaining the state budget. Half the money state government spends comes not from state taxes and fees, but from the federal government and other sources. Half of the $18 billion in federal funds budgeted by the state goes to Medicaid, with…
    Joseph Coletti, February 22, 2018
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    New Carolina Journal Online features

    Lindsay Marchello reports for Carolina Journal Online on a commission set up by Gov. Roy Cooper that urges more state spending on public schools. Sam Hieb’s Daily Journal explores the political implications of a parking deck battle in Greensboro.
    Mitch Kokai, February 22, 2018
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    Businesses bothered by big budgets, borrowing

    The Washington Examiner deserves credit for the alliteration in this blog entry’s headline. James Langford writes for the Examiner about a growing concern among some leaders of corporate America. That concern focuses on government spending growth and federal debt. The risk is growing that Corporate America soon will…
    Mitch Kokai, February 21, 2018
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    This weekend on Carolina Journal Radio

    A special $58 million fund connected with the Atlantic Coast Pipeline project continues to generate controversy. Rick Henderson discusses the latest developments, including a potential separation-of-powers fight between Gov. Roy Cooper and the General Assembly, during the next edition of Carolina Journal Radio. Jon Guze explains how…
    Mitch Kokai, February 16, 2018
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    Budget Basics: Prison costs

      North Carolina spends $30,000 to keep a person in prison for a year. This is 50 percent more than Georgia spends, according to the Vera Institute. This gap means Georgia could hold 46,145 prisoners in 2015 at a cost of $922 million while North Carolina spend $1.1 billion…
    Joseph Coletti, February 14, 2018
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    Deficits, debt still on the radar screen

    Al Weaver of the Washington Examiner reports that one leading U.S. senator disputes the notion that his congressional colleagues have lost sight of the federal government’s long-term budget problems. Senate Majority Whip John Cornyn, R-Texas, this week rejected the argument that Republicans no longer care about the debt,…
    Mitch Kokai, February 14, 2018