CBPP report: most states spending below pre-recession levels
The Center on Budget and Policy Priorities will release a major report today showing that 38 of the 47 states with new budgets taking effect this month cut education, health care, and other state-funded services. Of the 38 states that have made deep cuts, all but one have reduced their annual investments in core supports to economic recovery to pre-recession levels.
North Carolina is among this number, having recently enacted a budget that reduces total state spending as a share of state personal income to the lowest level in almost 30 years. Not only will North Carolina spend less on education, health, justice, and transportation than it did before the Great Recession as the FY2012 budget takes effect, it will spend more than 10% less than the state’s 40-year average investment in public goods and services relative to the size of the NC economy.
The full report will be available via CBPP later today, or you can follow the Budget and Tax Center on Twitter at @ncbudgetandtax for updates.