Category: Taxes and Budget

  • Not Serious on Budget

    n his press conference yesterday, Gov. Easley foolishly ruled out shrinking the government workforce as one way of closing a growing budget gap — even as New York Gov. George Pataki announced plans for thousands of job cuts in the coming year.

  • Diversifying NC’s Portfolio

    A major factor explaining why North Carolina’s economy has been so hard hit by the recent recession is a lack of diversity in our manufacturing base. While other states have fostered broad entrepreneurial growth, NC has bet on a few industries.

  • Wrong Way North Carolina

    While the rest of the country is seeing the beginning of an economic rebound, North Carolina is leading the nation in new jobless claims — a fact that should jolt our leaders into action on creating a more pro-growth climate in the state.

  • Valiant, Inadequate Effort on Medicaid

    HHS Secretary Carmen Hooker Buell and her staff have implemented some welcome cost controls in North Carolina’s budget-busting Medicaid. But to close another huge deficit this year, state leaders will have to do far more.

  • Taxes, Taxes Everywhere

    Do low property taxes in North Carolina make up for our high income and sales taxes? Not as much as they used to. Our property taxes have grown faster than average, and 2002 may be yet another year of big tax hikes.

  • Gov. Hunt’s Gift to Easley

    New data show that North Carolina ranked 8th in the nation in state spending growth during the 1990s, thus setting the stage for big budget deficits in recent years. Gov. Easley probably hasn’t thanked his predecessor for this.

  • North Carolina’s Slipping Economy

    A look back at jobless rates in the South shows that North Carolina, which used to lead the economic pack and compare itself to Virginia and Georgia, is now edging closer to Alabama territory. Hey, maybe that big tax hike will help.