Carolina Journal Radio

Budget expert rebuts estimate of $1 billion future N.C. shortfall

House Speaker Tim Moore, flanked by Senate leader Phil Berger, at a January 2017 press conference at the General Assembly. (CJ photo by Kari Travis)
House Speaker Tim Moore, flanked by Senate leader Phil Berger, at a January 2017 press conference at the General Assembly. (CJ photo by Kari Travis)
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From Carolina Journal Radio Program No. 740: The General Assembly’s budget staff estimates that North Carolina could face a $1 billion gap between revenue and expenses in future years. Democrats and their ideological allies have pointed to the estimate to support their complaints about recent state tax cuts. Republicans have responded that the estimates are based on faulty projections of future state government spending. Joseph Coletti, John Locke Foundation senior fellow, places the numbers in context.