According to a report by the National Conference of State Legislatures, North Carolina is on pace to have, by percentage, the third largest budget deficit in the country. Behind ... Keep Reading
budget deficit
Some Perspective on the Coming Budget Battle
The upcoming 2011 state legislative session is sure to be a contentious one, with primary focus being on balancing the state budget and its projected $3.2 billion structural ... Keep Reading
The Washington Monument Strategy or Reality?
Have you heard of the Washington Monument Strategy? Erskine Bowles may have used it when he said recently that the UNC System may be forced to consider closing a campus if the ... Keep Reading
Closing the Multi-Billion Dollar Deficit
Perhaps legislators should take a hard look at tax incentives when looking for ways to close the budget gap next year. North Carolina forfeited approximately $6 billion in tax ... Keep Reading
Perdue Flip-Flops on Timing of Budget-Cutting Proposals
Per the Charlotte Business Journal, Gov. Perdue signaled her intent to announce plans next week to reduce bureaucracy in North Carolina state government. N.C. Gov. Bev Perdue told ... Keep Reading
Wage Freeze Thawed for Thousands of State Workers
In spite of the wage freeze for state employees implemented over the last two budgets, the state still managed to grant pay raises to more than 2,600 state employees. From the ... Keep Reading
$100,000 for NC Biofuels Go-Kart Competition
Apparently legislators do not fully grasp the severity of the budget crisis as they continue to propose bills that encourage frivolous spending. Why help North Carolina taxpayers ... Keep Reading
Obamacare’s Deficit Reduction Numbers Mere “Fantasy”
During the final arguments surrounding the Obamacare monstrosity, the public was repeatedly told that the health care reform bill would somehow manage to lower the federal budget ... Keep Reading
State Budget Facing Another Tough Year, Lawmakers Only Have Themselves to Blame
This N&O article predicts another difficult budgetary process on tap for this summer. State budget writers will once again struggle to balance the budget as revenue will ... Keep Reading
“May”?
File this one under the "most predictable headline of the decade" category. From today's N&O: Deficit solution may include taxes Erskine Bowles said "everything is on the ... Keep Reading
