Budget (page 3)

JLF’s Joe Coletti has put together a valuable and easy-to-read synopsis of North Carolina’s new General Fund budget. It includes really helpful charts and graphics so you can see the trends. Among them is a chart that shows how you will be impacted by tax reform. Check it out. …

JLF’s Joe Coletti takes a deep dive into some of the provisions in North Carolina’s new General Fund budget plan that haven’t yet drawn headlines. He writes there are important implications for savings and capital, transparency, and spending that every taxpayer and legislator should consider. Find out more about…

North Carolina’s new General Fund budget appropriates more than $9 billion to public education. JLF’s Terry Stoops writes the plan is attentive to children, teachers, and principals, and it addresses the need to reduce costly, inefficient bureaucracy and to invest in business systems. Read the details here.

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…