Uncategorized

New BTC report highlights need to invest for the long term

The Budget and Tax Center is out with another excellent report today on the importance of disciplined contributions to the state’s “rainy day fund” – especially when economic times are good. This is from the report:

“The failure to save adequately during times of growth has limited the ability of the RDF to help address budget shortfalls during economic downturns, leading to painful cuts to public investments and services, which hurts the state’s economy and causes hardship for families struggling during times of economic distress.”

In other words, as with so many areas of the state budget, it’s critical to invest for the future and stop focusing on short-term quick fixes (as Democrats so frequently felt compelled to do in the past) and obsessing with budget cuts and tax giveaways (something that’s become akin to a religion for the Republicans running the show now).

Check Also

Editorials: Trump backs down, but GOP continues to block real immigration solutions

Be sure to check out the editorials from ...

Top Stories from NCPW

  • News
  • Commentary

The lump started small and hid behind her ear. Harmless, the doctor said, nothing to worry about. So [...]

The Senate voted along party lines Tuesday night to overturn a partial judicial redistricting bill i [...]

Viola Williams has been crunching numbers and working out possible solutions since last week, when t [...]

With midterm elections around the corner, lawmakers have, unsurprisingly, taken aim at last minute c [...]

From 1999-2016, opioid-related overdose fatalities increased by more than 800 percent in North Carol [...]

Would that North Carolina lawmakers had been so direct as “Pitchfork Ben” Tillman, a virulent white [...]

“I’m speechless.” So began the heartfelt lament of Rep. Verla Insko (D-Orange) late last Friday afte [...]

The post SB 711 – The pig’s roast appeared first on NC Policy Watch. [...]