Budgets (page 9)

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    New Carolina Journal Online features

    Lindsay Marchello reports for Carolina Journal Online on Raleigh’s vote to restrict short-term rentals. John Hood’s Daily Journal explains how federal funding harms state government policies.
    Mitch Kokai, May 28, 2019
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    Analyzing the Costs of Expanding Medicaid in North Carolina

    From JLF’s Health Care Policy Analyst, Jordan Roberts: Elected officials in North Carolina have debated Medicaid expansion for years. The question at hand is whether to accept a generous matching rate from the federal government to add roughly 500,000 new enrollees to the Medicaid rolls, which already serve over one-fifth…
    Anna Manning, May 24, 2019
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    Share of state education funding

    The National Center for Education Statistics released The Condition of Education 2019 this week.  It’s packed with juicy data. I thought that one data point was worth highlighting: the percentage of state revenues dedicated to K-12 schools in 2016.  Only a handful of other states contribute a larger share…
    Terry Stoops, May 23, 2019
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    CJ reports: Senate passes tax cut package; measure heads to House

    From Carolina Journal: The Senate approved the Tax Reduction Act of 2019 on a 28-13 vote on Monday, May 20, and sent it to the House. Last Thursday, the bill passed its initial vote by a 26-19 margin. Sponsors say Senate Bill 622 will reduce individual and corporate taxes…
    Anna Manning, May 21, 2019
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    Cutting federal aid to the states

    Chris Edwards explains why the Cato Institute’s latest report links a cut in federal aid to restoration of responsible state government. The federal government spends $750 billion a year on 1,386 different subsidy programs for state and local governments. The study describes 18 reasons why these programs should…
    Mitch Kokai, May 20, 2019
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    How to use one-time money

    Yesterday, the governor’s Office of State Budget and Management and the General Assembly’s Fiscal Research Division released their latest consensus forecast, which includes the truly surprising April tax collections. Earlier reports suggested the revenue could be as much as $700 million higher than originally forecast. The final estimate is…
    Joseph Coletti, May 15, 2019
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    Senate tax cut package could get floor vote tomorrow

    Carolina Journal reports on the latest from Senate Bill 622: The Senate Finance Committee unanimously passed Senate Bill 622, the Tax Reduction Act of 2019, on Tuesday, May 14, and sent it to the Senate Rules Committee. Sen. Bill Rabon, R-Brunswick, Rules Committee chairman, told Carolina Journal the bill would be…
    Anna Manning, May 15, 2019
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    2019-21 House Budget: Looking Ahead

    The House increases spending faster than the pace since 2011, and prepares for more demands next fiscal year in education and Medicaid, but Gov. Cooper expects much slower spending growth than he has proposed in any of his first three budgets (3.0% vs 4.9% / 5.0% / 5.6%). Even with…
    Joseph Coletti, May 13, 2019