by Joseph Coletti
Senior Fellow, Fiscal Studies, John Locke Foundation
The House increases spending faster than the pace since 2011, and prepares for more demands next fiscal year in education and Medicaid, but Gov. Cooper expects much slower spending growth than he has proposed in any of his first three budgets (3.0% vs 4.9% / 5.0% / 5.6%). Even with these differences, the House budget increases less over two years than Cooper’s would have.
Over time, Cooper’s higher spending would outpace available revenues, not to mention actual availability after setting aside money for debt service, capital, and anything for savings.
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