Spotlight Report

Protecting Families and Businesses: A Plan for Fiscal Balance and Economic Growth

posted on in Economic Growth & Development, Energy & Environment, Government Reform, Spending & Taxes
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Key facts:

  • Between December 2007 and December 2010, private-sector employment shrank 9.1 percent, while state and local government payrolls grew 4.2 percent.
  • North Carolina’s per-capita personal income climbed in the 1990s and nearly equaled the national average in 1998. Incomes in North Carolina have fallen compared with the nation as a whole in the dozen years since then.
  • Educational achievement also accelerated in the 1990s with growth unmatched since then.
  • Higher spending since then has not translated into better returns on investment for North Carolina taxpayers.
  • This budget proposal would spend $18.4 billion and return spending to the same levels, adjusted for population and inflation, as in the mid-1990s.
  • In addition to ending the temporary sales tax and income tax surcharges, this budget would reduce the tax rates on personal and corporate income, setting the stage for future tax reform.
  • A detailed spreadsheet of the recommendations offered here is available at

Spotlight 408 Protecting Families and Businesses: A Plan for Fiscal Balance and Economic Growth

As Senior Fellow, Joe examines fiscal and tax policy. He previously headed the North Carolina Government Efficiency and Reform initiative within the Office of State Budget and Management, which led to changes in automotive fleet management, natural and… ...

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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.