Dr. Michael Sanera, John Locke Foundation research director and local government analyst, discusses key findings from the new report, City and County Budget Crises: When in a hole, first stop digging.
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,...