Spotlight Report

Budget Basics: Sustaining the present, preserving the future

posted on in Spending & Taxes
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•  General Fund spending totals $20.6 billion for fiscal year 2013-14, only a 2.5 percent increase from the previous year.
•  Medicaid accounts for the largest increase in spending, almost $1 billion over the two-year budget.
•  Tax reform saves taxpayers more than half-a-billion dollars over the two years and makes North Carolina more competitive relative to neighboring states.
•  Education reforms create new opportunity scholarships for low-income students and end teacher tenure.

Spotlight 442 Budget Basics: Sustaining the present, preserving the future

Sarah Curry is Director of Fiscal Policy Studies at the John Locke Foundation. Previously, she worked for the North Carolina State Senate as a research assistant for the chairs of the Senate Agricultural Committee and headed the research efforts for… ...

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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.