Spotlights
227 - Perspective on NC Budget: Spending is the Problem, Not Lack of Tax Revenue

January 23, 2003

North Carolina lawmakers are once again coming to Raleigh to grapple with a projected deficit exceeding $1 billion. A close examination of fiscal trends demonstrates that excessive spending, not inadequate revenue, is the cause and that the state budget continues to be bloated with wasteful or low-priority expenditures. Policymakers must show courage, be willing to apply fundamental principles, and target major areas of state apending for savings and reform.

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