JLF Research | Policy Reports
Spend and Tax: A History of General Fund Crises in N.C. and How to Prevent Them
Sep. 14th, 2006
The General Assembly is often said to have "tax and spend" policies, but its pattern is one of "spend and tax" policies. During economic booms, tax revenues increase and legislators fund new programs that cannot be sustained during an economic bust. When the bust comes, legislators raise taxes to pay for those new government programs.
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