statewide referendum question adopted in Colorado and proposed in Maine and North Carolina
Introduction North Carolina has one of the strictest balanced-budget requirements in the country. State law holds the governor responsible for cutting expenditures to avoid a deficit. Since 2011, Republican leadership…
All news accounts described the recently passed state budget as spending $30 billion. But they left out a significant amount of spending: more than $7 billion. The recent trend of…
A spending cap would be a welcome restraint on the growth of state government.
It’s budget season in the Tar Heel State. We have high hopes that this biennium budget can allow for substantial benefits to North Carolinians. The state House released its budget proposal for…
General Assembly leaders agreed to a bottom-line budget number last week, kicking off the biennium budget season. Senate Leader Phil Berger (R-Rockingham) and House Speaker Tim Moore (R-Cleveland) announced that General…
Rep. Dennis Riddell (R-Alamance) filed a bill yesterday to limit the state’s spending. Specifically, H.B. 146 would amend the North Carolina Constitution by adding a new article to limit the state’s…
North Carolina’s decade of economic success deserves celebration. Even more so, however, it is worth applauding the important steps toward reform that state lawmakers have undertaken over the past decade. Limiting government…
The nonprofit watchdog Truth in Accounting (TIA) released its 13th annual Financial State of the States this week. The report found that in fiscal year 2021, 31 states did not have the money to…
The Office of the State Controller this week released its General Fund Monthly Financial Report for the 2021-2022 fiscal year that ended June 30th. Notable data points include: The General Assembly budgeted…
Republican budget writers released their conference budget adjustments for the new fiscal year on Tuesday, circumventing the traditional appropriations process. The budget proposal would increase bottom-line spending, add to the…
Yesterday the Fiscal Research Division of the North Carolina General Assembly and the Office of State Budget and Management released a revised revenue forecast for the Fiscal Year 2021-2023 biennium. They concluded…
Christmas came early this year for Coloradans. Yesterday’s Denver Post read: “single filers will get $400 and joint filers will get $800 this summer in money the state must refund as a…