Budgets (page 6)

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    New Audit: Lack of Oversight Means an “Increased Risk” Covid Funds were Misused

    Did North Carolina spend its $3.6 billion in Covid relief funds for their intended purpose? Did the spending yield positive results? According to a newly-released audit by State Auditor Beth Wood’s office, we don’t know. “The North Carolina Pandemic Recovery Office (NCPRO) performed limited monitoring,” according…
    Brian Balfour, May 14, 2021
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    Mostly good news in rules on ARPA spending and taxes

    On Monday, the US Treasury Department released an “interim final rule” on what states can do if they take money from the American Rescue Plan Act (ARPA). Based on the rule and the Tax Foundation’s summary, here are a few key points for North Carolina legislators and Gov. Roy…
    Joseph Coletti, May 11, 2021
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    Congress should proceed with caution on earmarks

    James Capretta of the American Enterprise Institute ponders the potential return of earmarks to Congress. The move is seen in some quarters as a dangerous gamble for an institution already viewed dimly by much of the public. Others see the potential for a revival of congressional self-respect and…
    Mitch Kokai, May 10, 2021
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    FDR. Obama. Biden.

    Anyone left who wants to argue that our new president, Joe Biden, is a centrist? That myth has disintegrated in just 100 days of this administration. On Wednesday night, President Biden will propose adding another $1.8 trillion in spending and wealth redistribution as part of his aim to be…
    Donna Martinez, April 28, 2021
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    ICYMI: Governor Cooper’s State of the State Recap

    On Monday, April 26, Governor Roy Cooper gave his biennial State of the State address at the General Assembly. If you would like to watch the full broadcast, below is an embed of the live stream from PBS North Carolina. You can also read the full prepared…
    Brenee Goforth, April 27, 2021
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    What is in the Taxpayer Bill of Rights

    The current version of Senate Bill 717 would add a Taxpayer Bill of Rights to the state constitution and provide two conforming amendments to carry it out. You can compare it to Colorado’s Taxpayer’s (possessive) Bill of Rights, past attempts to protect taxpayers in North Carolina, and some of…
    Joseph Coletti, April 21, 2021
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    Five Reasons North Carolina Needs a Taxpayer Bill of Rights

    Legislators last week introduced SB 717, Taxpayer Bill of Rights. The bill would put to a vote of the people in 2022 an amendment to the state constitution that would place sensible restrictions to the annual growth rate of the state budget. Below are five reasons North Carolina needs…
    Brian Balfour, April 19, 2021
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    New national commission would focus on balancing federal budget

    Nihal Krishan of the Washington Examiner highlights a new proposal from Republicans on Capitol Hill. Senate Republicans will introduce legislation … to create a new bipartisan national commission to reduce the deficit and balance the federal budget within 10 years. Republicans are concerned about runaway government spending and…
    Mitch Kokai, April 16, 2021