Taxes

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    GoDurham buses losing money; but the train is coming

    Durham’s transit agency, GoDurham, is cutting routes and changing others as management tries to reduce a budget shortfall over the next five years. Plans for a  $2.47 billion light rail system to connect Durham and Chapel Hill continue to advance. How does that happen? The city started bus routes…
    Joseph Coletti, December 14, 2018
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    This weekend on Carolina Journal Radio

    N.C. legislators have loosed restrictions on the state’s targeted tax incentive program for economic development. Jon Sanders explains why that’s a bad idea during the next edition of Carolina Journal Radio. Terry Stoops offers a firsthand account of North Carolina’s charter school development process. UNC-Chapel Hill business…
    Mitch Kokai, December 14, 2018
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    New Carolina Journal Online features

    Lindsay Marchello reports for Carolina Journal Online on the bill that would shake up membership of boards overseeing N.C. elections and ethics enforcement. Jon Sanders’ Daily Journal ponders N.C. incentives and Apple’s decision to locate its new expansion in Austin.
    Mitch Kokai, December 14, 2018
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    More fiscal notes, please

    We’ve been generally supportive of the General Assembly’s approach to budgeting, even as we’ve cautioned against overspending and continued to seek reforms in the process. Katherine Barrett and Richard Greene highlight North Carolina in their summary of a useful report from the left-of-center Center for Budget and Policy Priorities on…
    Joseph Coletti, December 13, 2018
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    New Carolina Journal Online features

    Lindsay Marchello reports for Carolina Journal Online on one UNC Board of Governors member’s concerns about a “strike” tied to Silent Sam. The Daily Journal highlights divisions within the N.C. Republican Party over the state’s targeted tax incentives.
    Mitch Kokai, December 11, 2018
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    Recession ahead?

    Governing magazine’s Liz Farmer finds economists are increasingly worried about the possibility of a recession. She writes that S&P sees slower growth as a more likely scenario than outright contraction, but budget timelines are not as simple. Agencies have already begun planning their budgets through June 2021—the governor will…
    Joseph Coletti, December 10, 2018
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    Problems tied to climate change taxes

    Chuck DeVore writes for Forbes about the political challenges associated with climate change taxes. The City of Lights, Paris, has been illuminated in recent days by cars set alight by thousands of protesting “Yellow Vests”—largely middle class people who earn their living by driving or who commute to…
    Mitch Kokai, December 10, 2018
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    Charity is the latest victim of our partisan culture

    Charitable giving is lower in places with competitive politics and giving declines among people when their party is in the minority, NC State professor Richard Clerkin and his co-authors found in a recent paper. Another interesting aspect of the study is its presumption that taxes complement charitable giving,…
    Joseph Coletti, December 3, 2018