Budgets (page 2)

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    New Carolina Journal Online features

    Lindsay Marchello and Dan Way report for Carolina Journal Online on Gov. Roy Cooper’s state budget proposals. Marchello focuses on education items. Way targets Medicaid and tax-related issues. John Trump’s Daily Journal urges fixes for North Carolina’s system of alcohol regulation.
    Mitch Kokai, March 7, 2019
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    Cooper puts forward unrealistic budget proposal

    The John Locke Foundation releases the following: Gov. Cooper’s Latest Budget Plan No More Realistic Than Others He Has Proposed JLF analyst highlights flaws in governor’s plan RALEIGH — Gov. Roy Cooper unveiled his latest budget plan today, one day before that proposal will head to the joint N.C. House…
    Mitch Kokai, March 6, 2019
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    Competing debt proposals

    Governor Cooper’s $3.9 billion bond proposal for schools and water systems is the fourth entry in the contest to use state government debt capacity. The State Capital and Infrastructure Fund (SCIF) already dedicates 4 percent of General Fund revenue to debt service and new capital projects. The Debt…
    Joseph Coletti, March 6, 2019
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    CJ reports: School construction bond passes House education committee

    Carolina Journal‘s Lindsay Marchello reports: The House K-12 Education committee OK’d the statewide school construction bond bill, but questioned the formula used to decide how much each county would get for school construction. The committee met Tuesday to debate House Bill 241. It pledges $1.9 billion to fund…
    Anna Manning, March 6, 2019
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    Causes and effects of unfunded public pensions

    Unfunded pension liabilities are driving up the cost of state government borrowing. For states, there may not be much difference between Republicans and Democrats. But for local governments, Democratic control means more unfunded promises. When people voter with their feet, the problem gets worse: Today’s public-sector employees…
    Joseph Coletti, March 5, 2019
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    Barron’s notes growing indifference to growing deficits

    Randall Forsyth of Barron’s documents a disturbing trend for deficit hawks. [T]he administration of President Donald Trump, the self-described “king of debt,” is running a budget deficit at an annual rate of $1 trillion, or nearly 5% of gross domestic product, in part because of a huge tax…
    Mitch Kokai, March 4, 2019
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    The real root of retirement risks

    Andrew Biggs provides a reminder that governments are the main source of concern for future retirees’ incomes. while household retirement savings are growing, government retirement plans—Social Security, government employee pensions and the federal Pension Benefit Guaranty Corp.—are underfunded by up to $26 trillion. The World Economic Forum estimates that…
    Joseph Coletti, March 1, 2019
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    Daily Journal: From the Green New Deal to Venezuela: A million percent inflation and all

    JLF’s Roy Cordato writes for Carolina Journal’s Daily Journal: As the specifics — and many of the absurd objectives — of Rep. Alexandria Ocasio-Cortez’s Green New Deal have come to light, the common refrain from Democrats who support it is that the plan is “aspirational.” In other words, they…
    Anna Manning, March 1, 2019