• Press Release

    Consumers to Pay More

    posted April 24, 2002
    RALEIGH — The “concept” announced today by Gov. Mike Easley and legislative leaders for the proposed Clean Smokestacks Bill would effectively impose hundreds of millions of dollars a year in…
  • Research Report

    Truth or Consequences: Official Data Tell Real Story about NC Fiscal Woes

    posted April 16, 2002 by John Hood
    In recent months, public officials have made a range of statements in an attempt to explain persistent state and local budget woes. Many of these assertions do not square with the facts. A collection of graphs and tables shows clearly that North Carolina government is out of line with neighboring states in spending, employment, and taxes. Moreover, revenue growth outpaced personal income growth during the 1990s, while debt service costs are projected to triple over 10 years.
  • Press Release

    Higher Taxes Than Massachusetts

    posted April 9, 2002
    RALEIGH — Newly published figures on tax burdens in the United States confirms that North Carolina now has a significantly higher state and local tax burden than Massachusetts, according to…
  • Research Report

    By the Numbers 2002: What Government Costs in North Carolina Cities and Counties

    posted February 6, 2002
    By the Numbers 2002: What Government Costs in North Carolina Cities and Counties is a publication of the Center for Local Innovation, a division of the John Locke Foundation. Its purpose is to inform North Carolinians about their local governments and promote debate and discussion about the future of city and county fiscal policy in North Carolina. It is not intended to advance or impede legislation before local, state, or federal lawmaking bodies.
  • Research Report

    A New Year, A New Hole: NC Must Close Budget Gap While Cutting Taxes

    posted January 22, 2002 by John Hood
    According to state economists, North Carolina will face another budget deficit in FY 2001-02 of between $450 million and $900 million. The state's economy, weighted down by high taxes and poor public services, continues to lag behind the rest of the country. Unlike last year, policymakers cannot exempt such big-ticket items as Floyd relief, tobacco-settlement funds, universities, Medicaid, and bonds from scrutiny - and they should consider repealing last year's tax hikes.
  • Research Report

    Is NC Really Undertaxed? Release of Progress Board Report Spreads Myths

    posted December 19, 2001 by John Hood
    A report released last week by the North Carolina Progress Board contained hundreds of long-term goals for the state. But the text was overshadowed by the comments of board member and UNC-W Chancellor James Leutze, who said the report showed North Carolina would never make it to the top tier of states without tax increases. Leutze's remarks were ill-timed and ill-informed but reflect the conventional wisdom about taxes and social progress. It’s wrong.
  • Research Report

    N.C. Budget Behemoth: General Fund Grows At Nearly Twice The U.S. Rate

    posted December 6, 2001 by Don Carrington, John Hood
    North Carolina's 1998-99 state budget grew by between 10 percent and 11 percent (depending on the measurement used) compared with the national average for state budget growth of only 5.4 percent. This follows a similar pattern last year. Growth in spending on Medicaid and education fueled North Carolina's exceptional budget increase. Overall, North Carolina spends more of its budget on education and correction, and less on Medicaid, than the average state. This mostly reflects differences in responsibilities given to local government.
  • Research Report

    Final Budget Grows 11%: 1998 Is A Year Of Spending Growth, Not Tax Cuts

    posted October 28, 2001 by John Hood
    The lengthy budget negotiations between House and Senate this year resulted in a compromise that gave the Senate its spending priorities this year and the House its tax cuts in future years. Overall, when accounted for correctly, the state General Fund budget will top $13.1 billion in FY 1998-99, representing an 11 percent increase from last year. Spending growth outweighs tax cuts in FY 1998-99 by a ratio of 25 to 1 — but the picture improves somewhat in the out years, when House-sought cuts in sales and inheritance taxes are phased in.
  • Research Report

    Wrong Set of Priorities : GA Set to Approve Tax Hike, 5.2% Budget Growth

    posted September 19, 2001 by John Hood
    State lawmakers will consider today a revised tax and spending plan for the 2001-03 biennium that promises to shove an already teetering economy, buffeted by layoffs and the prospect of war, into a full-blown and painful recession. Its massive tax hike will fuel a healthy increase in wasteful state spending and help to push the state’s tax burden well above that of Massachusetts, California, and all the Southeastern states — and higher than the national average for the first time.
  • Research Report

    War and Our Economy: Conflict Will Worsen Downturn in North Carolina

    posted September 19, 2001 by Dr. Roy Cordato
    The ghastly terrorist attacks in New York City and Washington will have overwhelmingly negative consequences for the nation’s economy, despite the foolish suggestions of some that it will result in a net stimulus. North Carolina’s economy promises to be particularly hard-hit by troop deployments and faltering investor and consumer confidence. Now is the time for state leaders to dedicate themselves to strengthening the economy, not weakening it through massive tax hikes.

taxes by Author