You may have read our own Brian Balfour's take on the $2 Billion bond just passed in the State Senate. The cost to NC taxpayers is certainly hefty, but so are the implications as spelled out in an article in NC Capitol Connection. Matt Caulder reports that language in the bill seems to give the […]
Budget & Taxes Archives
Last night the NC Senate unanimously approved an expansion of the state's Job Development Investment Grant program (JDIG), which is a taxpayer-funded handout to companies meeting politically-invented "job creation" thresholds (translation: mostly hires people away from competitors). The compromise would increase the cap on incentive awards to $20 million a year. The cap would be […]
Included in the state budget proposal being voted on this week is a provision to expand the sales tax base and alter how the local portion of the sales tax revenue is distributed among the counties. At issue, more specifically, is how to distribute the additional revenue projected to be collected by the proposed expanded […]
Be sure to check out the new articles up now at nccivitas.org examining the state budget deal just posted last night. This article outlines the "Top Ten Things You Should Know About the Budget Deal" This article summarizes the highlights from the education portion of the budget.
Fresh off of agreeing on doling out $30 million of taxpayer dollars to Hollywood cronies, the NC House and Senate reportedly has agreed to a bond referendum worth between $1.5 and $2 billion. If approved, the bonds will increase the state debt by the bond amount plus tens or hundreds of millions of dollars of […]