Joseph Coletti, John Locke Foundation director of health and fiscal policy studies, explains why North Carolina’s state government budget is more than twice the size of the $20 billion spending plan that attracts media attention. Coletti offered these comments during an interview with Donna Martinez for Carolina Journal Radio (Program No. 370).
JLF’s Joseph Coletti explains North Carolina’s ‘shadow budget’
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Give it back
Last week the non-partisan Fiscal Research Division of the North Carolina General Assembly forecast yet another $1 billion+ surplus in anticipated tax revenues for the 2024–2025 fiscal year. That’s on top of the $400+ million in surplus collections for the 2023-2024 fiscal year. The news, the latest in a decade-long run of tax revenue surpluses,...
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