Brian Balfour, senior vice president of research at the John Locke Foundation, critiques the carbon tax proposal spelled out in Senate Bill 674. Learn more here: “State carbon tax proposal exposes progressives’ cognitive dissonance.”
Locke’s Brian Balfour pans N.C. carbon tax proposal
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Cooper’s budget proposal spends on raises, clean energy, Leandro
Democrat Gov. Roy Cooper unveiled what he called his “First in Opportunity” budget at a press conference Wednesday, proposing to spend $32.95 billion in the first year of the biennium and $34.23 billion in the second year. The budget keeps $7 billion in reserve and doesn’t raise taxes, but halts some planned tax cuts.
NCGA leaders agree to 10.5% budget increase for new biennium
Leaders in the North Carolina House and Senate announced an agreement on Wednesday, March 8, on a budget amount for the 2023-2024 fiscal year.
Medicaid Expansion agreement announced by legislative leaders
In a press conference Thursday, Senate Leader Phil Berger and House Speaker Tim Moore announced that an agreement has been reached between the chambers to expand the federal Medicaid entitlement program in North Carolina.
NC will have $3.25 billion in excess revenue for 2022-23
North Carolina revenue forecasts have surpassed $33 billion annually, and the state will have roughly $3.25 billion in excess for Fiscal Year 2022-23, or 10.7% more than had been previously budgeted.