Spotlight Report

The ‘Less Bad Budget’ Principle: With luck, the conference committee will discover fiscal responsibility

posted on in Government Reform, Spending & Taxes

The Senate fiscal year 2007-08 budget would have spent $1.3 billion (7.1 percent) more on operations than the previous year, plus another $1.2 billion in new debt.

The Senate would have allowed the 8.0 percent personal income tax bracket and the extra quarter-cent sales tax to expire as current law requires.

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About John Locke Foundation

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.

The John Locke Foundation is a 501(c)(3) research institute and is funded solely from voluntary contributions from individuals, corporations, and charitable foundations.