Policy Report

Spend and Tax: A History of General Fund Crises in N.C. and How to Prevent Them

posted on in Spending & Taxes

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.

Joe Coletti is a senior fellow at the John Locke Foundation focused on fiscal policy issues. He previously headed the North Carolina Government Efficiency and Reform initiative within the Office of State Budget and Management, which led to… ...

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We are North Carolina’s Most Trusted and Influential Source of Common Sense. The John Locke Foundation was created in 1990 as an independent, nonprofit think tank that would work “for truth, for freedom, and for the future of North Carolina.” The Foundation is named for John Locke (1632-1704), an English philosopher whose writings inspired Thomas Jefferson and the other Founders.

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