• Press Release

    Legislature Creates Large Tax Hike

    posted September 19, 2002
    RALEIGH — Gov. Mike Easley and the state legislature have approved a revised budget for the current fiscal year that will likely result in hundreds of millions of dollars in…
  • Press Release

    Lottery, Tax Hike Lose in Tuesday Voting

    posted September 10, 2002
    RALEIGH — Delays may have put North Carolina lawmakers in the unfamiliar position of facing primary challengers in the midst of a legislative session, but candidates’ attempts to use support…
  • Research Report

    Agenda 2002: A Candidate’s Guide to Key Issues in North Carolina Public Policy

    posted September 9, 2002 by John Hood, Dr. Roy Cordato, Don Carrington
    North Carolina’s state budget reflects its governmental priorities. Unfortunately, over the past two decades governors and lawmakers have usually chosen to add new programs to the state budget without considering the merits of existing programs and finding ways to fund higher-priority items by eliminating lower priorities. As a result, the budget has grown by leaps and bounds, interrupted only briefly by retrenchment during recessionary periods, including the past three fiscal years. Until state leaders learn to exercise fiscal discipline or to write fiscal discipline into law via a strong expenditure limit the budget problem will worsen.
  • Research Report

    A Budget No-Brainer: Merge House, Senate Budgets to Eliminate Deficit

    posted August 26, 2002 by John Hood
    As House and Senate leaders negotiate a final budget package for FY 2002-03, they should resist the usual temptation to "logroll" — to add in spending items favored by the other side — and instead accept the lower of the two chambers' previously approved figures for every department as well as the higher of the two chambers' previously approved fund transfers. With such "reverse logrolling," lawmakers could balance the state budget without a tax increase.
  • Press Release

    “Agenda 2002 Tour” Begins Sept. 3

    posted August 25, 2002
    RALEIGH — Policy analysts from the John Locke Foundation will discuss taxes, the state budget, property rights, education, the state’s economy, and other key issues this election season in a…
  • Press Release

    Quick Reaction to State Bond Downgrade

    posted August 18, 2002
    RALEIGH — Today’s decision by Moody’s Investors Service to downgrade North Carolina’s bond rating revealed the pointlessness of last year’s massive $700 million state tax increase, according to two senior…
  • Press Release

    House 2002-03 Budget Plan “Rickety”

    posted August 5, 2002
    RALEIGH — A proposed $14.3 billion budget revision now being debated in the North Carolina House relies primarily on tax increases, revenue enhancements and one-time savings to eliminate the state…
  • Research Report

    Another Rickety Budget: House Plan Follows Senate Lead on Future Tax Hike

    posted August 5, 2002 by John Hood
    At this writing, the N.C. House is considering a revised General Fund budget of $14.3 billion, balanced largely by raising state taxes by $166 million, raiding $255 million from highway funds and $156 million from local governments, and achieving net budget savings of $478 million. Unfortunately, the news for taxpayers is likely to be worse next year, given the use of some $666 million in one-time money for expenses likely to recur — setting the stage for another tax increase.
  • Press Release

    Report: Don’t Offer Socialism to Capitalists

    posted August 4, 2002
    RALEIGH — A Spotlight published today by the John Locke Foundation used the term “socialism for capitalists” to describe a bill proposed by the Easley administration to offer new cash…
  • Research Report

    Changing Course V: An Updated Alternative Budget for North Carolina

    posted May 5, 2002
    With news of a worsening state budget and a weakened state economy, Locke Foundation analysts have updated last year's alternative budget with new projected savings and tax changes for FY 2002-03. The resulting Changing Course V budget would eliminate the deficit, repeal last year's hikes in sales and income taxes, stimulate the economy through additional tax relief and highway investment, and protect highpriority items such as public safety and classroom teachers.

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