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

Senate will vote today on right-wing blogger nominated by Trump for court of appeals

The full U.S. Senate is scheduled to vote ...

Top Stories from NCPW

  • News
  • Commentary

When Gov. Roy Cooper signed the Strengthen Opioid Misuse Prevention or STOP Act into law last month, [...]

Support for needy districts and key positions within North Carolina’s top public school agency may b [...]

Wilmington is bustling this summer. Downtown, horse-drawn carriages take tourists along the riverfro [...]

For the first time in a long time, trial judges in North Carolina have independent research assistan [...]

It’s not an original thought to point out that the Trump Administration is a larger version of what [...]

Why this is not “business as usual” and should not be condoned Sometimes all one can do is stand and [...]

5.0---percentage of overall state spending in the 2017-2018 budget passed by the General Assembly as [...]

The post A legislative addiction appeared first on NC Policy Watch. [...]

Featured | Special Projects

NC Budget 2017
The maze of the NC Budget is complex. Follow the stories to follow the money.
Read more


NC Redistricting 2017
New map, new districts, new lawmakers. Here’s what you need to know about gerrymandering in NC.
Read more