Savings Reserve

As the 2020 election season gathers momentum, North Carolina’s tax reforms and demands for higher spending on any number of government programs will be front and center. One example is a…

The state budget battle has entered extra innings. Gov. Cooper signed and vetoed another batch of mini budgets, the ninth round of budget-related legislation since his first budget veto on…

In this research update, I take a closer look at revenues and expenditures in North Carolina over the past 20 years. I use actual collections and expenditures from the…

The John Locke Foundation is approaching its 30th anniversary, and the Republican majority in the General Assembly is halfway through its fifth session. It seems a good time to…

Despite his protestations, Gov. Roy Cooper has signed three mini-budget bills passed unanimously by the General Assembly. Republican legislative leaders signaled their move to piecemeal budgeting in mid-August when they…

Only four House Democrats refused to sign a letter pledging to uphold Gov. Roy Cooper’s budget veto. That is three fewer than the seven Democratic votes needed to override and…

Tax reform left a number of people receiving smaller refunds (or writing larger checks) this April because many taxpayers inadvertently had too little withheld from their paychecks. On the other…

Policymakers around the country look to North Carolina’s fiscal example to guide their quests for lower taxes. Restrained spending has made it possible for state government to tax less and…

February is the true start of spring. Punxsutawney Phil “predicts” the longevity of winter. Pitchers and catchers report to spring training. Cherry trees blossom.  And in the North Carolina General Assembly,…

Nobody knows when a hurricane or a recession will hit North Carolina, but everybody knows they will. State legislators kept spending in check and built up a $2 billion Savings…