Category: Taxes and Budget

  • Currituck County fed up with solar

    Large solar projects haven’t been a good deal for Currituck County residents, says Bobby Hanig, the county commission’s chairman. The developers “have consistently tried to go back on what has been agreed upon in open meetings, and brought on extra work for county staff to ensure they are doing what…

  • Millis: Tax credits to renewable energy producers = $1.6 billion

    UPDATED April 21 to include source of information for total renewable tax credits. State Rep. Chris Millis says the renewable energy industry hoodwinked North Carolina about the costs of giving special deals to renewable producers, which exploded from an initial projection of less than $5 million to $1.6 billion in payouts through…

  • State budget crisis unlikely, fiscal expert says

    The Insider reported recently about a Fiscal Research Division analysis showing the Senate’s “Billion Dollar Middle Class Tax Cut” would lead to $600 million shortfalls in three of the next five years. Fiscal staff started from the assumption that state government would do all the same things the…

  • North Carolina sets national example for tax reform

    North Carolina has attracted national attention for wide-ranging structural tax reforms adopted since 2013. Tax Foundation Vice President Joseph Henchman highlighted those reforms and explained how North Carolina compares with competing states during a presentation Monday to the John Locke Foundation’s Shaftesbury Society.

  • New rules to guide use of N.C. rainy-day reserves

    From Carolina Journal Radio Program No. 726: North Carolina lawmakers are pursuing new rules to restrict the use of the state’s “rainy-day” savings reserve. While the General Assembly has made a conscious effort to rebuild that reserve in recent years, they have had no rules to guide them. New…

  • N.C. offers national example for tax reform

    From Carolina Journal Radio Program No. 726: The income tax filing deadline is approaching, and it’s a good time to remind ourselves of major changes North Carolina has made in recent years to the state’s personal income tax. Becki Gray, John Locke Foundation senior vice president, recaps recent reforms…

  • N.C. retailers take swing at Border Adjustment Tax

    Groups advocating for retailers and consumers are lining up to oppose the border adjustment tax, or BAT. It’s under consideration on Capitol Hill as part of a federal tax reform plan. Supporters say the new tax on imports would help promote exports and American-made goods. But critics from the N.C.