Budgets

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    Major discrepancies in state aid contained in House Covid relief bill

    An analysis from Reason magazine finds that there is a significant variation in per-capita state and local aid contained in the latest Covid relief bill being debated on Capitol Hill. “The latest draft of the Coronavirus stimulus and relief legislation, the American Rescue Plan Act…
    Brian Balfour, February 24, 2021
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    Tip of the hat to North Carolina Republican Legislators

    Leadership matters, and the chart below shows it in crystal clear terms. In North Carolina, we’re fortunate to have legislative leaders who take spending, taxing, and budgeting very seriously. Their prudent decisions over the past decade have given our state national attention and made us the model for other…
    Donna Martinez, February 22, 2021
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    You’re keeping more of what you earn. Let’s keep it that way.

    COVID-19 has proved a public health crisis for virtually every state, and also a fiscal crisis for those states that spent, spent, spent and failed to engage in sound stewardship of tax dollars leading up to the pandemic. Thanks to the Republican-led General Assembly, North Carolina has avoided the…
    Donna Martinez, February 16, 2021
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    January General Fund Update

    State revenues continued to outperform last year’s collections in January while appropriations fell, adding over $1 billion to the unreserved fund balance, according to the latest monthly report from the Office of the State Controller. Despite the good news, it is not clear why appropriations fell or what any…
    Joseph Coletti, February 16, 2021
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    North Carolina is the gold standard for pro-growth tax reform

    North Carolina’s record of spending restraint and tax reform over the past decade continues to inspire other states and demonstrate what is possible. John Hendrickson and Jonathan Williams, writing in the Des Moines Register, urge Iowa Gov. Kim Reynolds to follow our example of sustainable spending and taxes. North…
    Joseph Coletti, February 16, 2021
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    States don’t need another federal bailout

    Chris Edwards of the Cato Institute explains why the feds should not throw more money at state governments. President Biden and the Democrats are including $350 billion in aid for the states in their $1.9 trillion stimulus bill. But state and local budgets are in decent shape, and…
    Mitch Kokai, February 15, 2021
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    Consensus revenue forecast

    General Fund revenue from state taxes should reach $27.6 billion by the end of June, which would be 16% higher than in FY2019-20, according to the consensus revenue forecast from the governor’s Office of State Budget and Management (OSBM) and the General Assembly’s Fiscal Research Division. That could give…
    Joseph Coletti, February 12, 2021
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    Hey, wait a minute. Didn’t Gov. Cooper VETO teacher raises?

    Yes, Gov. Roy Cooper did, in fact, veto raises for North Carolina teachers. Now his budget priorities include giving teachers bonuses of $2,500. Hmm. So what’s up with this? An exasperated Joe Coletti points out that it’s North Carolina Democrats — led by Roy Cooper — who wouldn’t allow teachers…
    Donna Martinez, February 10, 2021