Budgets

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    Nobody expects a debt crisis until they do

    As official Washington deepens its commitment to deficits and debt regardless of potential inflation or other repercussions, I recently came across an International Monetary Fund working paper by Paulo Mauro and Jing Zhou who found, “Government borrowing costs [on new debt] often rise abruptly and sharply, but just…
    Joseph Coletti, January 22, 2021
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    New Carolina Journal Online features

    Andrew Dunn reports for Carolina Journal Online on Gov. Roy Cooper pushing for a multibillion-dollar bond package while the state’s budget picture remains murky. The Daily Journal explains how a shifting lineup on the N.C. Supreme Court could affect transparency in college campus operations.
    Mitch Kokai, January 19, 2021
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    Senate Leader Phil Berger Announces Committee Appointments

    A Jan. 7 news release from Sen. Leader Phil Berger’s office announces committee assignments. The General Assembly reconvenes Wednesday, Jan. 13. Be sure to join the John Locke Foundation’s government affairs team on Monday, Jan. 11, for a conversation about Locke’s legislative Agenda for a Better Carolina. …
    Donna Martinez, January 7, 2021
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    Monday: A Legislative Agenda For a Better Carolina

    Join Our Livestream Monday, Jan. 11 at Noon You’ll Find Us On Facebook or at john locke.org With the new year comes new opportunity to drive a Carolina Rebound that lifts North Carolinians from the nightmare of COVID-19 shutdowns into a year of promise and purpose.
    Donna Martinez, January 7, 2021
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    Slicing the pork from the stimulus plan

    James Antle of the Washington Examiner explores possible relief from the worst parts of the latest federal stimulus package. President Trump signed the $900 billion COVID-19 economic rescue package he called a “disgrace” in time to avert a government shutdown. Now, he wants to go back and excise…
    Mitch Kokai, December 30, 2020
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    Not tired of winning

    North Carolina voters once again gave Republican/conservative legislators a thumbs up, returning them to majorities in both the North Carolina House and Senate. Come January, legislative leaders will be working – again – with a Democrat/progressive governor in Roy Cooper, whom voters also endorsed. What does that mean for…
    Donna Martinez, December 15, 2020
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    New Carolina Journal Online features

    Julie Havlak reports for Carolina Journal Online that independent pharmacies welcome a recent U.S. Supreme Court ruling. John Hood’s Daily Journal ponders the most appropriate use of North Carolina’s unreserved budget savings.
    Mitch Kokai, December 14, 2020
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    Revenue picture continues to improve, but future remains cloudy

    North Carolina’s tax and fee collections continued to improve from a year ago, according to the latest General Fund Monthly Report from the Office of the State Controller. Individual income tax revenue for November was up to $870.8 million, $50 billion ahead of November 2019 collections. Sales taxes…
    Joseph Coletti, December 11, 2020