John Locke Foundation President John Hood says academic research from the past quarter-century supports a fiscal conservative approach to state and local policies designed to promote growth. Hood’s comments are linked to the report Lower Taxes, Higher Growth: Scholarly Research Reveals Economic Benefits of Fiscal Restraint.
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.