Freyer: “Right-sizing” government downsizes economy across all regions in the state (video)
House Speaker Thom Tillis held his latest “dutch lunch” in Salisbury Tuesday, fielding more questions about tax cuts, budget cuts, and job creation.
The town hall appearance followed Friday’s release of the August unemployment data, showing North Carolina’s jobless rate had risen to 10.4 %.
A recent whole-budget analysis by the Budget & Tax Center (BTC) finds that the unbalanced approach to spending and tax cuts in this year’s state budget does little to help the private-sector economy.
Freyer says the BTC study finds that every region of North Carolina will have more money taken out of the local economy through spending cuts, than is put back in through tax cuts.
Once the state budget cuts take full effect in FY2012-13, the whole-budget impact will cost each region between 1,624 and 9,242 lost jobs, according to the report.
Freyer appears on News & Views this weekend to discuss how efforts to “right-size” state government are impacting the state’s overall economy. For a preview, click below: