Budgets

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    This weekend on Carolina Journal Radio

    North Carolina state government ended the last budget year with a revenue surplus of almost $900 million. That’s more than $200 million more than officials had expected just three months ago. Joseph Coletti analyzes the surplus in the latest edition of Carolina Journal Radio. Brenee Goforth discusses…
    Mitch Kokai, August 16, 2019
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    How Much Will Families Spend on School Supplies in 2019?

    This week, JLF’s Dr. Terry Stoops published a research brief examining how much American households will spend on back-to-school shopping this year. Dr. Stoops writes: According to the annual National Retail Federation (NRF) survey, families with elementary, middle, and high school children will spend $26.2 billion or an average of…
    Brenee Goforth, August 16, 2019
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    New Carolina Journal Online features

    Lindsay Marchello reports for Carolina Journal Online on one state high school’s response to the N.C. state budget gridlock. John Trump’s Daily Journal probes potential problems with North Carolina’s system of alcohol regulation.
    Mitch Kokai, August 16, 2019
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    Refunding the surplus?

    My commentary yesterday on the possibility of refunding some or all of the surplus to people has generated some discussion, thanks in part to a simpler version on this blog and to comments on Twitter. A couple suggestions seemed worth pursuing. First, refunding money to taxpayers using the…
    Joseph Coletti, August 15, 2019
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    North Carolina Has a Surplus. How Did That Happen?

    This week, JLF’s Joseph Coletti published a research brief on the possibility of a taxpayer refund in North Carolina. North Carolina has $2.7 billion in unappropriated cash balances and excess projected revenue, and some lawmakers in the state are considering what to do with that money. According to Coletti: With…
    Brenee Goforth, August 15, 2019
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    State Department of Transportation hit by storm and state constitution

    North Carolina’s Department of Transportation announced it is reviewing up to 1,000 temporary and contract jobs for temporary layoffs, the Raleigh News & Observer reports. Those positions are vulnerable, in part, because NCDOT has paid $675 million over the past three years responding to storm damage. Compensation for decades…
    Joseph Coletti, August 14, 2019
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    Another warning about runaway federal spending

    Tiana Lowe reports for the Washington Examiner on the latest evidence that the federal government’s spending trajectory is unsustainable. Just 10 months into the fiscal year, our budget deficit has already surpassed the totality of that of 2018. Currently at $867 billion, the federal government’s 2019 budget deficit…
    Mitch Kokai, August 14, 2019
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    New Carolina Journal Online features

    Lindsay Marchello reports for Carolina Journal Online about the state budget impasse’s impact on preparations for a new public high school financial literacy course. John Hood’s Daily Journal questions renewable energy advocates’ unrealistic demands from Duke Energy.
    Mitch Kokai, August 12, 2019