Brian Balfour, senior vice president of research at the John Locke Foundation, criticizes North Carolina’s targeted incentives deal for Apple. Learn more here: “Seven rotten aspects of North Carolina’s Apple deal.”
Locke’s Brian Balfour lists rotten aspects of North Carolina’s deal with Apple
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CATS gold line streetcar beset with financial woes, federal data reveals
A federal report finds that the cost incurred to move a single passenger one mile is $18.71 on the Charlotte’s Gold Line streetcar. This comes in addition to logistical problems faced by CATS Gold Line rail over the past three years.
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State gets pleasant April surprise
I’ve never been more delighted to be mistaken. A couple of weeks ago, I wrote a column observing that, over the first eight months of the 2023-24 fiscal year, the state’s General Fund revenue was down slightly from what was collected during the first eight months of the previous fiscal year. North Carolina faced no...
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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.
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Opinion
State revenues are down this year
State Controller Nels Roseland has just released five months of reports about North Carolina’s General Fund budget. I’m told the delay wasn’t nefarious. It was caused by a change in accounting systems. Well, better late than never — but I hope the delay hasn’t lulled our leaders into complacency. Over the first two-thirds of the...
John Hood