Budget (page 2)

Carolina Journal’s Dan Way reports on late-day action in the North Carolina Senate.  A last-minute plea from Senate Minority Leader Dan Blue, D-Wake, for new budget negotiations fell on deaf ears. The Senate voted 34-14 late Tuesday afternoon to override Gov. Roy Cooper’s veto of the $23 billion General…

JLF’s Joe Coletti reviews the newly-approved 2017-18 General Fund budget and cautions legislators not to become complacent about their track record of producing responsible budgets. Among the highlights of legislators’ fiscal prudence: a rainy day fund that sits at its highest level ever.

From Mitch Kokai, writing at carolina journal.com: “A person earning $1 million or more a year will get a tax break that is 85 times larger than what a working family gets. Think about that for a minute: 85 times larger.” Gov. Roy Cooper uttered those words during his…

Carolina Journal’s Dan Way reports on key elements of the budget compromise released Monday. The $23 billion House and Senate budget compromise will include a 3.1 percent increase in spending in the 2017-18 budget year, which is higher than the two chambers agreed to several months ago when budget writing…

As John Hood writes here, state lawmakers, the governor, and taxpayers should take note of a key economic number and act wisely with state resources. Since the beginning of this year, there have been no net new jobs created in North Carolina. In fact, using the latest data from…

North Carolina legislators could save taxpayers another $455 million in the next budget year. They would meet that target by using a tool called consensus-based budgeting. A new John Locke Foundation Spotlight report offers details. JLF is releasing its report as N.C. House and Senate budget negotiators work out…

The franchise tax. The sales tax. The corporate income tax. The personal income tax. JLF’s Joe Coletti analyzes tax reform proposals in the House and Senate budget plans. For example: Both budget proposals would increase the standard deduction available to taxpayers. The Senate’s plan would raise the amount for…

Mitch Kokai, John Locke Foundation senior political analyst, discusses the N.C. House budget for 2017-19 and the next steps in the state budget process. Watch here.