• John Locke Update

    Time to make spending restraint a permanent policy for North Carolina

    posted April 20, 2021 by Brian Balfour
    Conservative spending restraint was key to preparing North Carolina for last year’s economic slowdown. Similar restraint could have avoided the fiscal crisis we experienced in the Great Recession. A Tax and Expenditure Limit added to the state constitution could make wise conservative fiscal policy permanent.
  • John Locke Update

    Cooper’s reckless budget, Part 2: A closer look at appropriations

    posted April 13, 2021 by Joseph Coletti
    The largest increase in Cooper's proposed state appropriations would be for employee salaries and benefits. Cooper's proposal does not provide price tags for Leandro or Medicaid expansion. Cooper would also eliminate successful and popular Opportunity Scholarships.
  • John Locke Update

    Cooper’s reckless budget, Part 1: Overview

    posted April 12, 2021 by Joseph Coletti
    Cooper’s 2021-23 biennium budget is more a political statement than a realistic proposal. It would leave state government fiscally fragile and at greater risk of layoffs and tax increases in a future recession.
  • John Locke Update

    Cooper’s budget is just a Christmas list for cronies

    posted April 5, 2021 by Brian Balfour
    Cooper’s budget proposal is an unrealistic political document, not a serious budget plan. It would increase budgeted expenditures over the current year by 11.6 percent. The budget would direct hundreds of millions to cronies and “niceties” that are outside the core functions of state government.
  • John Locke Update

    Medicaid Enrollment Numbers Call for Caution in State Spending

    posted September 24, 2020 by Jordan Roberts
    Medicaid enrollment is up across the country, including North Carolina, which means costs are up, too. States don't have the flexibility to borrow and print money as the federal government does, so planning for the future is especially important when facing economic uncertainty.
  • John Locke Update

    States and Families are Saving for the Future

    posted August 30, 2018 by Joseph Coletti
    While the federal government’s deficit and debt grow, it seems families and state governments have become better savers during the current recovery. North Carolina’s budget picture is improving, with revenues…
  • John Locke Update

    Does Government Spending Expand the Economy?

    posted June 20, 2018 by Dr. Roy Cordato
    There is a simple equation that every first-semester student in macroeconomics learns. It is the equation for measuring gross domestic product or GDP. GDP is used to measure the size…
  • Research Report

    North Carolina Budget FY 2015 – 17

    posted September 21, 2015 by Sarah Curry
    For fiscal year 2015-16, the General Fund budget will rise 3.1 percent to $21.7 billion, below the combined rates of population growth and inflation. The following year, the budget will have an overall increase of less than one-percent.

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