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Legislative leaders feel the heat from back home to raise revenue
Posted By Clayton Henkel On May 15, 2012 @ 1:17 pm In Uncategorized | Comments Disabled
More than 85 local elected officials have written to House Speaker Thom Tillis, Senate President Phil Berger, and key legislators urging them to consider raising new revenues during the short session to restore funding for schools, infrastructure and other public investments. 
In their letter, the group of mayors, city councilors, and county commissioners,implore North Carolina budget writers to consider reinstating temporarily the penny sales tax, rather than resorting to more cuts:
“We’re worried that these budget cuts will only get worse in the coming year. The decisions you make this spring and summer will have lasting impacts on our ability to remain competitive with surrounding states and the global economy,” the letter said.
Over the last three years, local officials state that they have used limited resources as efficiently and creatively as possible, but that they can only stretch a dollar so far.
The letter comes on the heels of a proposal  by the Together NC coalition to raise over $1 billion in revenue by temporarily extending the penny sales tax, adding a new income tax bracket on households earning over $1 million annually, and expanding the state’s Earned Income Tax Credit.
You can read a copy of the full letter and see a list of the signer here .
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URL to article: http://pulse.ncpolicywatch.org/2012/05/15/legislative-leaders-feel-the-heat-from-back-home-to-raise-revenue/
URLs in this post:
 Image: http://pulse.ncpolicywatch.org/wp-content/uploads/2012/05/Open-letter2011.jpg
 proposal: http://pulse.ncpolicywatch.org/2012/05/14/together-nc-presses-lawmakers-to-adopt-a-budget-that-includes-new-revenue/
 here: http://pulse.ncpolicywatch.org/wp-content/uploads/2012/05/LetterfromLocalElectedOfficials-revenue6.pdf
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