Seven Steps Outlined to Fight Runaway N.C. Budget
JLF analyst calls for reform of process that produced $1 billion tax hike
RALEIGH (Carolina Journal Online) — Legislators need to overhaul North Carolina's budget process before they force taxpayers to cough up billions of additional dollars in new taxes. That's the assessment of the John Locke Foundation's chief budget analyst, who outlines seven potential reforms in a new Spotlight report.
"While families across North Carolina were tightening their budgets and adjusting their priorities, the General Assembly missed a rare opportunity this year to put government spending on a more sustainable path," said Joseph Coletti, JLF Fiscal Policy Analyst. "Instead, lawmakers chose to add $5.9 billion from new taxes, fees, and one-time revenue sources to pay for $41 billion in programs over two years. That's more than $4,200 per North Carolina resident."
Related Material...
RALEIGH (Carolina Journal Online) — Legislators need to overhaul North Carolina's budget process before they force taxpayers to cough up billions of additional dollars in new taxes. That's the assessment of the John Locke Foundation's chief budget analyst, who outlines seven potential reforms in a new Spotlight report.
"While families across North Carolina were tightening their budgets and adjusting their priorities, the General Assembly missed a rare opportunity this year to put government spending on a more sustainable path," said Joseph Coletti, JLF Fiscal Policy Analyst. "Instead, lawmakers chose to add $5.9 billion from new taxes, fees, and one-time revenue sources to pay for $41 billion in programs over two years. That's more than $4,200 per North Carolina resident."
Related Material...
- (By John Hood, Carolina Journal Online) - There’s No Easy Fiscal Fix
posted by BP News Bureau | 12:06 PM
0 Comments:
Post a Comment
<< Home