JLF Research | Spotlights
Freedom Budget 2006: Providing Relief to North Carolina's Counties and Taxpayers
Jun. 13th, 2006
Economic growth has given the General Assembly $2.4 billion more to spend. Higher sales and income taxes have contributed to this surplus. The Senate adds $1.4 billion in new spending, and relies on nonrecurring revenues for $400 million in new recurring obligations. Drawing on the John Locke Foundationís Freedom Budget 2005, this paper offers an alternative budget that would end the sales tax and income tax increases from 2001, eliminate Medicaidís burden on counties, and keep spending growth to 4.3 percent Ė all within the limit of population growth and inflation.
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