Budgets (page 8)

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    Highway Fund Diversions: Not Too Bad in North Carolina

    In a recent post at Cato.org, Chris Edwards discusses a U.S. Department of Transportation report detailing the “Disposition Of State Highway-User Revenues.” Edwards provides a table showing the rate of diversion in all 50 states. According to the table, 12% of North Carolina highway funds get diverted to…
    Jon Guze, September 20, 2018
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    Another bad excuse to avoid balancing America’s books

    Michael Tanner writes at National Review Online about the latest dodge used to avoid the problem of the federal government’s growing debt. [B]oth the Left and Right have discovered a magic money tree in the form of a concept known as Modern Monetary Theory (MMT), an idea prominently…
    Mitch Kokai, September 20, 2018
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    Carolina Journal: Massive storms test state and federal insurance plans

    From Carolina Journal’s Lindsay Marchello: It would take a catastrophic series of events for state insurance money to go dry, but that doesn’t remove the burdens, experts warn. Several storms similar to Hurricane Hazel in 1954 could see all state residents chipping in to pay for losses after North Carolina’s…
    Anna Manning, September 19, 2018
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    Barron’s cover story highlights federal debt problem

    Jack Hough of Barron’s draws attention to the federal government’s ongoing debt problem. There’s no snooze button on the national debt clock, though you wouldn’t know it by the way public alarm has quieted as the situation grows worse. October begins a new fiscal year for the…
    Mitch Kokai, September 17, 2018
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    Rainy Day

    It’s times like this that we are reminded about the importance of a solid rainy day fund. Following the devastating aftermath of Hurricane Matthew, North Carolina had $1.6 billion in disaster-relief and rainy-day funds set aside for such an emergency. This was a result of legislative leaders’ commitment to…
    Lexi Arthur, September 14, 2018
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    Who is supposed to collect the ACP payment?

    The $57.8 million payment agreed between Gov. Cooper and the Atlantic Coast Pipeline partners remains in limbo and a new investigative committee will “probe Cooper’s involvement with the Atlantic Coast Pipeline,” Dan Way writes for Carolina Journal. From committee debate, it appears nobody knows, or will say, whether the…
    Joseph Coletti, September 6, 2018
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    Entitlements always expand

    Get paid now to take parental leave in exchange for deferring Social Security payments later. It sounds like a simple and “budget neutral” to help women earn more in their careers while getting their children off to a good start. Kristin Shapiro, Andrew Biggs, and others have argued on…
    Joseph Coletti, September 5, 2018
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    North Carolina tax revenues less volatile than most

    North Carolina’s tax revenue is about average, after adjusting for tax policy changes, according to a Pew Charitable Trusts comparison of major sources of state revenue. For North Carolina, this means the personal income tax, motor fuels tax, and the sales tax, but not the corporate income tax.
    Joseph Coletti, September 4, 2018