Gov. Roy Cooper introduced a $55.9 billion budget proposal on Wednesday, March 24, that includes many of the goals he’s had since taking office. But this time he claims they’re needed due to the COVID pandemic. These goals include expanding Medicaid, borrowing $4.7 billion for infrastructure projects, and pushing state agencies to look at issues...
A decade of fiscal responsibility and sustainable government could be squandered unless North Carolina taxpayers build some financial guardrails in the state constitution. A report by the John Locke Foundation says a tax and spending limit needs to be enshrined in the constitution to strengthen the economy, protect taxpayers, and limit growth of government spending....
A $470-million surge in April tax collections could push the state budget surplus to more than $700 million. Barry Boardman, chief economist for the General Assembly’s nonpartisan Fiscal Research Division, in a Monday, May 6, email alerted legislative leaders of both parties, House, and Senate budget writers. He called it extraordinary, unexpected revenue. Final individual...
Rick Henderson on key political races; Joe Coletti on government efficiency; Jerry Ensminger on military families suing over Camp Lejeune water contamination; Chris Conover on risk of having no health insurance; Jenna Ashley Robinson on college athletics
RALEIGH — N.C. lawmakers could cut taxes, slice $1 billion from the governor’s budget plan, and still spend more money on top priorities, according to the John Locke Foundation’s new Freedom Budget 2007.
