Joseph Coletti, John Locke Foundation fiscal policy analyst, discusses the link between government overspending in economic good times and the current hole in the N.C. state budget. Coletti offered these comments during an interview with Donna Martinez for Carolina Journal Radio (Program No. 316).
Greensboro should take 1% prepared-food tax off the menu
In her recent State of the City address for 2024, Mayor Nancy Vaughn of Greensboro put forward a bold proposal: a citywide 1% prepared-food tax. The rationale behind this initiative, according to Vaughn, is to inject much-needed revenue into the community, with estimates suggesting a minimum influx of $20 million. While on the surface, this...