Opinion
States Want Cash from DC
State governments have a combined $17.5 billion deficit this year, and want Washington to bail them out. North Carolina is in a different boat — but ours is sinking, too, just not this year.
North Carolina politicians are fretting about big state and local budget gaps and a supposedly “inadequate” stream of tax revenue. Here are several reasons why the political class shouldn’t be taken seriously on fiscal policy.
According to a Sunday N&O report, legislative staffers are forecasting big budget deficits as far as the eye can see. Remember those "temporary" tax hikes last year? Get used to them.