From Carolina Journal Radio Program No. 696: North Carolina officials have been celebrating the recent announcement that CSX will build a new transportation hub in Edgecombe County. But a Carolina Journal examination shows that government agencies have promised $700,000 in subsidies for every new job promised in connection with the project. CJ Editor-in-Chief Rick Henderson analyzes the project and the state’s decision to award CSX $100 million in taxpayer-funded incentives.
CSX hub subsidy amounts to $700K per job
Related
News
State forecasts $1.4 billion budget surplus
The North Carolina General Assembly's Fiscal Research Division projects that while inflation and interest rates are still up, the state will have $400 million over in collections in the current fiscal year and $1 billion additional revenue coming into the state coffers in FY 2024-25.
CJ Staff
News
NC No.4 in ALEC’s Economic Outlook Rankings
The 17th edition of the annual rankings placed the Tar Heel State as having the fourth best economic outlook among the 50 states, after turning in the eleventh ranked economic performance.
CJ Staff
News
Diverted cargo en route to NC’s Port of Wilmington
Additional cargo shipments are headed to North Carolina’s coast this month amid the ongoing Baltimore Port closure, North Carolina Ports has disclosed.
Brianna Kraemer
Video
The Debrief: Is this the end of DEI on campus?
This week on the Debrief, Vice President Kamala Harris is back in North Carolina, for the second time in two weeks, and there will be s a new name on your November presidential ballot. What is a “benefits cliff?” We’ll explain how a raise can be a net loss for those on entitlement programs, plus...