North Carolina legislators could save taxpayers another $455 million in the next budget year. They would meet that target by using a tool called consensus-based budgeting. A new John Locke Foundation Spotlight report offers details.
JLF is releasing its report as N.C. House and Senate budget negotiators work out final details of their two-year General Fund budget plan for 2017-19.
A consensus-based budgeting process would result in a General Fund spending plan of $22.4 billion for the 2017-18 budget year that starts July 1. “That’s just 0.2 percent higher than the budget for the current budget year that ends June 30,” said report author Joseph Coletti, JLF Senior Fellow.