Budget, Taxation & Economy
Why You Can Ignore the Left’s Fearmongering About Future NC Budget Deficits
They've been wrongly predicting shortfalls for more than a decade, they have zero credibility on this issue.
Revenue Forecasting in Government Budgetary Management:Comparison between the U.S.and China
Budget, Taxation & Economy
Consensus revenue forecast
General Fund revenue from state taxes should reach $27.6 billion by the end of June, which would be 16% higher than in FY2019-20, according to the consensus revenue forecast from…
Research Brief
Budget, Taxation & Economy
State Budget Uncertainty Requires Restraint and Cautious Planning
State budget writers have more challenges than normal as they prepare for the next biennium. First, there are economic headwinds from tariff and trade wars and a broader concern about…
Transportation
When your toll project planning assumptions go all wrong
Per the Charlotte Observer: The Monroe Expressway is expected to bring in significantly less toll revenue than the state previously projected, raising questions about the financial viability of the 20-mile…
Budget, Taxation & Economy
Clarification to Revenue Forecasting Controvesy
Last week Raleigh’s WRAL published an article about the projected revenues from last years tax reform citing a memo sent from the legislative fiscal research staff to a state senator. …
Liberty
Revenue Forecast Blunders
In today’s Fiscal Update, Sarah Curry highlights revenue projections that are almost laughable and their disastrous budget consequences for North Carolina. She also proposes a way to prevent this sort…
Budget, Taxation & Economy
Revenue Forecast Blunders
View in your browser. In doing some research for JLF’s alternative budget, I found some startling information. Every month an economist with the Fiscal Research Division (FRD) for the General…
Budget, Taxation & Economy
Budget Revenue Projections and Reality are Significantly Different
In doing some research for JLF’s upcoming alternative to the Governor’s budget I stumbled upon some startling data. The research division responsible with forecasting revenue numbers to be used in…
Liberty
Auditor urges improvements in lottery performance management
The state auditor’s office issued this news release today: Today, State Auditor Leslie Merritt released a performance audit on the North Carolina Education Lottery initiated by a request from the…
Liberty
JLF Lottery Predictions overly optimistic
In 2001, when Governor Easley was predicting that a then future state lottery would net North Carloina about $500 million a year (about 569 million in 2006 dollars), we published…