JLF Research Archive

Spending & Taxes

Showing items 51 to 75 of 219

(7.28.10) Robeson County’s Vote to Increase the Sales Tax: Would you buy a used car from these guys?

Robeson County officials want a quarter-cent sales tax hike and promise a two-cent reduction in the property tax rate. The net effect would be like a two-cent property tax hike, since the sales tax increases would bring in an additional $2.3 million a year, while the reduction in property tax revenues would be only $1.2 million. Robeson County taxpayers have already been hit with a two-cent tax increase with revaluation, so a vote to approve the sales-tax hike would mean a $2.3 million tax increase from last year.


(7.20.10) Budget Crisis Is Opportunity: Bigger budget for FY’11 shows need for policy reform

The final budget for fiscal year 2011 spends $20.56 billion, $153 million more than the budget for fiscal year 2010. General fund availability in fiscal year 2011 excluding federal funds is $17 million less than was available in fiscal year 2010. A $7 billion shortfall (accounting for federal bailout funds, temporary taxes, pensions and retiree health benefits, etc.) in a $20 billion General Fund requires fundamental reform of state government.


(7.12.10) Reforming the Sales Tax: Keep in mind liberty, prosperity, and sound principles of taxation

Over the past year the focus of North Carolina’s Joint Legislative Committee on Tax Reform has been almost exclusively on whether to expand North Carolina’s sales tax to include services. Following sound principles of tax reform, however, the focus should be on whether the tax base is what economists call neutral, and whether the tax conforms with the principles of justice, rooted in a respect for liberty and freedom of choice. At a combined average state and local rate of 7.98 percent, North Carolina’s sales tax rate is virtually tied with Tennessee’s rate of 8 percent as the highest in the Southeast.


(4.16.10) The True Cost of State and Local Taxes: How to understand the business tax burden study

The Council on State Taxation (COST) estimate of tax burdens is widely misunderstood.
The COST study does not measure the cost of government or the competitiveness of North Carolina’s business tax climate.


(3.29.10) By The Numbers: What Government Costs in North Carolina Cities and Counties FY 2008

County and municipal governments provide many key services while taking in billions of dollars in revenue. Their roles grow as state government keeps more local funding sources and shifts more taxing power to localities. Still, finding comparative data is difficult. This report helps address that problem by providing information of how much local government costs in every city and county in North Carolina.


(10.01.09) Start Building a Better Budget: Seven steps to saner state spending

Proposed spending for FY 2010 is $20.4 billion, $775 million more than actual spending FY 2009. Gov. Bev Perdue cut $1.7 billion in spending during fiscal year (FY) 2009 without causing further hardships in the state.


(7.22.09) Not the Best of Both Worlds: Tax credit will not save movies but will lose money

A 25 percent income tax credit on film production expenses would cost the state $63.3 million more each year than the current 15 percent credit, which loses $11.2 million. Ernst & Young estimated the state lost $0.02 on each dollar of tax credits assuming all film-related economic activity result from the tax credit.


(6.12.09) The Can-Do Budget: The impossible takes a little longer

The original House budget proposal for fiscal year (FY) 2009-10 used $1.5 billion in Federal bailout funds to craft a budget that spent $19.3 billion. Although it is nearly $3 billion less than the original $22 billion request, the original House plan would have been just $1 billion less than actual appropriations in FY2008-09.


(4.06.09) Tax Reform in North Carolina

North Carolina's system of taxation aggressively interferes with individual liberty and retards economic growth. Policymakers should begin to change the tax system.


(3.16.09) Back to Basics Budget: Responsible savings and reforms

The budget proposal outlined here reduces appropriations in fiscal year (FY) 2009-10 to $18.8 billion, $2.6 billion less than the final budget for FY 2008-09, and similar to the budget for FY 2006-07. In this proposal, per-capita spending adjusted for inflation of $1,969 remains higher than in FY 1997-98 or any year before.


(3.04.09) City and County Budget Crises: When in a hole, first stop digging

This report documents the change in locally generated revenues of 98 North Carolina counties* and the 30 largest N.C. cities between 2002 and 2007. Locally generated revenues increased faster than population and inflation in 96 of 98 counties and 24 of 30 cities. In Union County, revenue increased 48 percent faster than population and inflation over five years. For that reason, many counties and cities are having financial difficulties because they have spent taxpayer revenues on unnecessary or low-priority projects.


(1.14.09) Taxpayer Financing of N.C. Elections: Clearly unconstitutional after the Supreme Court decision in Davis v. FEC

In June 2008, the U.S. Supreme Court in a case called Davis v. Federal Elections Commission struck down a federal law that punished Congressional candidates for spending too much of their own money on their campaigns. Under that law, once personal spending exceeded a threshold level, the opposing candidate was given fundraising advantages.


(1.12.09) Does Avery need a land-transfer tax increase?

The Avery County commissioners are asking county residents to approve a sale-tax increase on February 3. This report identifies over $10 million in revenue and savings the county could use to meet its needs; more than triple the amount that the proposed land-transfer tax increase is estimated to produce.


(1.07.09) Spending Beyond Government Means: Even politicians must face fiscal truths

Tax revenue in North Carolina is volatile because of the dependence on income and sales taxes. Proper budgeting would account for the rise and fall in tax revenues over time.


(10.20.08) Does Anson need a sales tax increase?

The Anson County commissioners are asking voters to approve a sales-tax increase on November 4. This report identifies more than $5.8 million in revenue and savings the county could use to meet its needs — more than 17 times the amount that the proposed tax increase would produce.


(10.20.08) Does Caswell need a sales tax increase?

The Caswell County commissioners are asking voters to approve a sales-tax increase on November 4. This report identifies almost $4.8 million in revenue and savings the county could use to meet its needs — almost 28 times the amount that the proposed tax increase would produce.


(10.20.08) Does Onslow need a sales tax increase?

The Onslow County commissioners are asking voters to approve a sales-tax increase on November 4. This report identifies almost $36.7 million in revenue and savings the county could use to meet its needs — more than nine times the amount that the proposed tax increase would produce.


(10.20.08) Does Person need a sales tax increase?

The Person County commissioners are asking voters to approve a sales-tax increase on November 4. This report identifies almost $14 million in revenue and savings the county could use to meet its needs — more than 18 times the amount that the proposed tax increase would produce.


(10.14.08) Does Chowan need a sales tax increase?

The Chowan County commissioners are asking voters to approve a sales-tax increase on November 4. This report identifies almost $4.5 million in revenue and savings the county could use to meet its needs — more than 14 times the amount that the proposed tax increase would produce.


(10.14.08) Does Polk need a land-transfer tax increase?

The Polk County commissioners are asking county residents to approve a sale-tax increase on November 4. This report identifies over $11 million in revenue and savings the county could use to meet its needs — almost 12 times the amount that the proposed land-transfer tax increase is estimated to produce.


(10.10.08) Does Cherokee need a sales tax increase?

The Cherokee County commissioners are asking voters to approve a sales-tax increase on November 4. This report identifies nearly $10 million in revenue and savings the county could use to meet its needs — over 11 times the amount that the proposed tax increase would produce.


(10.10.08) Does Columbus need a sales tax increase?

The Columbus County commissioners are asking voters to approve a sales-tax increase on November 4. This report identifies nearly $14.2 million in revenue and savings the county could use to meet its needs — almost 15 times the amount that the proposed tax increase would produce.


(10.10.08) Does Guilford need a sales tax increase?

The Guilford County commissioners are asking voters to approve a sales-tax increase on November 4. This report identifies nearly $65.3 million in revenue and savings the county could use to meet its needs — more than four times the amount that the proposed tax increase would produce.


(10.10.08) Does Tyrrell need a land-transfer tax increase?

For the second time, the Tyrrell County commissioners are asking county residents to approve a tripling of the land-transfer tax (from 0.2 to 0.6 percent), this time on November 4. This report identifies over $6.4 million in revenue and savings the county could use to meet its needs — almost nine times the amount that the proposed land-transfer tax increase is estimated to produce.


(9.23.08) Taxpayers’ Return on Investment: North Carolinians get little value for their tax dollars

North Carolina’s relatively high tax burden in the region has not improved the state’s schools, roads, health, or crime as much as would be expected. Per-capita personal income growth also lagged, though population grew faster in N.C. than in most other states.


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