Civitas Review

Budget & Taxes Archives

  1. Apr
    10

    McCrory's Desire to Add Nearly $3 Billion to State Debt

    Posted in Budget & Taxes By Brian Balfour | Tagged , ,

    From the N&O Gov. Pat McCrory’s administration wants the legislature to schedule a special election this November to let voters decide on a pair of proposals to borrow up to $2.8 billion to build new roads and renovate or replace state government buildings. Transportation Secretary Tony Tata told the N.C. Chamber on Thursday that the […]

  2. none
    Apr
    01

    McCrory Signs $800 M Gas Tax Hike; House Approves Tax Break for Cronies

    Posted in Budget & Taxes By Brian Balfour | Tagged , , ,

    Yesterday Gov. McCrory signed into law Senate Bill 20, which would result in a net $800 million increase in the state's gas tax according to estimates. The immediate impact is a 1.5 cent drop in the tax, but the new law sets the tax higher than it would have been as of July 1 if […]

  3. none
    Mar
    31

    NC Leg and Guv Agree: No Gas Tax Relief for NC Motorists This Summer

    Posted in Budget & Taxes, Transportation & Infrastructure By Brian Balfour

    From WRAL.com: The state House and Senate gave tentative approval on Monday to a bill that would drop the state's gas tax by 1.5 cents per gallon, with leaders in both chambers  saying they needed to ensure the short-term stability of North Carolina's primary source of state funds for road construction. Both chambers need to take a […]

  4. none
    Mar
    25

    A Free-Market Needle in the Corporate Welfare Haystack

    Posted in Budget & Taxes, Economics By Brian Balfour | Tagged ,

    This year's legislative session in NC has been largely dominated by countless corporate welfare schemes coming from both chambers, including expansion of taxpayer giveaway programs and several proposals to extend targeted tax credits to politically-chosen industries. A small ray of free-market light, however, poked its way through the crony capitalism clouds yesterday when SB 382 […]

  5. none
    Mar
    24

    Senate Sales Tax Redistribution Plan: Are Rural County Schools Really Under-funded?

    Posted in Budget & Taxes By Brian Balfour | Tagged ,

    As hinted at last week, the Senate yesterday introduced legislation that would alter how sales tax revenue is distributed to counties across the state. At a press conference yesterday, Sen. Majority leader Harry Brown discussed the reasoning: We're talking about a system that been in place for a long, long time that I think is […]

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