Tag:surplus

  • Legislative leaders tout half-billion-dollar state surplus

    North Carolina should end the budget year more than a half-billion dollars above revenue projections, and House and Senate Republican leadership swiftly credited their tax-cutting, and regulatory-relief policies for the positive budget news. The General Assembly‚Äôs Fiscal Research Division and the Office of State Budget and Management released…

  • Surplus and Scarcity Go Hand in Hand

    Scarcity and surplus seem like opposite concepts, and they are often confused. But surplus is not the opposite of scarcity, and a surplus good is not the opposite of a scarce good. There's no paradox here: take Christmas trees, for example. Fresh-cut Christmas trees, an icon of the holiday season,…