Just over two weeks ago, House and Senate leaders announced they had a “framework” for a budget deal for the fiscal year beginning July 1. Lawmakers have not passed a…
The North Carolina House, Senate, and governor have each released their budget proposals for the upcoming biennium. The price tags, tax cuts, teacher pay increases, and savings from these budgets…
Thanks to fiscally conservative policies of spending restraint and saving, state debt continues to trend downward as highlighted in the Debt Affordability Advisory Committee’s (the Committee) annual report submitted to the…
The North Carolina General Assembly is still finalizing a two-year budget. Budget proposals from the House, Senate, and governor would have varying effects on North Carolina’s fiscal future. Spending restraint,…
Today, John Locke Foundation President Donald Bryson responded to the announcement from North Carolina legislative leaders on an agreement for the state’s biennium budget total. John Locke Foundation President Donald Bryson…
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…
The House increases spending faster than the pace since 2011, and prepares for more demands next fiscal year in education and Medicaid, but Gov. Cooper expects much slower spending growth…
The Savings Reserve, the state’s rainy-day fund, would increase to $1.5 billion over the biennium under the House budget proposal, though it also leaves $600 million unspent that could be…
You can read our Spotlight on the House Budget or, if you prefer tables and graphs, we have them below First, we compare appropriations and availability in the House budget with…
Carolina Journal’s Dan Way reports: Gov. Roy Cooper signed into law the $793 million Hurricane Florence Disaster Recovery Act on Tuesday, Oct. 16, following unanimous legislative passage. An N.C. State…
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…