A new study released by the Mercatus Center at George Mason University takes a close look at financial health of North Carolina state government. Among the findings: Real (inflation-adjusted) state spending per capita has increased fourfold in North Carolina since 1970. Three sources of revenue allowed for this increase: (1) tax increases, (2) increased debt, […]
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 […]
There has been much written about the tax changes included in this year's final budget bill. Most notable among the changes were a decrease in the personal and corporate income tax rates, the creation of a new historic preservation tax credit, a shift in the formula for corporate taxes to a single sales factor, and […]
New today at nccivitas.org is this article outlining three major things you should know about North Carolina's education budget. A sample from the article: The education budget has been increasing. First, contrary to the claims of many educators and the media, the education budget is not declining. General state appropriations for public education (i.e. K-12 […]
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.