Top of the morning
Here’s something to think about as the talk in Raleigh turns to how the General Assembly should address a budget shortfall that Governor Beverly Perdue says could reach a billion dollars this summer.
A report (.pdf) from the legislature’s Fiscal Research Division says that the state spent more than a billion dollars in 2008-2009 on tax breaks for individual companies and specific industries as part of the state’s economic development strategy.
That does not include the direct cash payments to companies that the governor made.
That report provides a detailed list of the tax breaks, which seems like a much better place to look for ways to fill the budget hole than looking for more cuts in public schools or mental health programs.