So, another budget has been released and to nobody’s surprise, another $1 billion increase. Seems to be a desirous number with this administration.
Easley’s $20 billion budget plan for the upcoming fiscal year released
Thursday increases state spending by more than $1 billion over the
current budget.
And despite candidate Easley running on ending temporary tax increases in ’04, being in office usually gives one a different perspective. No word as to how they define “low-income” in the story, but keep in mind that many low-income folks are already exempt from taxation, thus how do you give people who don’t pay income taxes a tax cut?
As far as taxes, the budget would eliminate or reduce state income tax
for more than 1 million low-income residents. However, a sales tax hike
that was supposed to expire this year would stay in place.
