Civitas Review

Budget & Taxes Archives

  1. Nov

    Much More Needed to Address NC's $25.5 Billion Unfunded Retiree Health Benefit Liability

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

    At a Joint Legislative Program Evaluation Oversight Committee meeting Monday, legislators discussed ways to address the state's $25 billion unfunded liability for state retiree health care benefits. The primary recommendation at the meeting was to "force all retirees on the State Health Plan to enroll in Medicare Advantage. The federal plan, a basic version of […]

  2. Nov

    New Study: "Free" Federal Funds Actually Quite Expensive

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

    A new study released by the Civitas Institute and authored by Dr. Eric Fruits of Economics International Corp. finds that as states accept more federal funds, their state and local taxes increase. In North Carolina, the research shows that each additional dollar of federal intergovernmental transfers to the Tar Heel State is associated with 81 […]

  3. Nov

    Where Does NC's Tax Climate Rank This Year?

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

    The Tax Foundation today released its new 2016 State Business Tax Climate Index. True to its name, the Index ranks the 50 states according to how conducive each state's tax code is to job creation and economic growth.    North Carolina holds steady at 15th in the 2016 rankings, the same slot as 2015. This […]

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    $600 Million Tax Cut Coming to NC Job Providers in 2016

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

    From WUNC State officials are celebrating a $1 billion surplus in the North Carolina unemployment trust fund. The Wednesday announcement represents a significant swing from just two and a half years ago when the state owed the federal government $2.8 billion. This past May, the state paid down its debt a year before the due […]

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    NC Business Incentives Just a Cottage Crony Industry

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

    A recent press release from Gov. McCrory's office celebrated the announcement of 450 new jobs coming to Davie County, in no small part thanks to a grant from the state's Job Development Investment Grant (JDIG) program.   If history is any indication, however, we'll be lucky to see half that many jobs actually materialize. In […]

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