Statement from Alexandra Sirota, Director of the Budget and Tax Center, on Governor’s Veto of the Budget
Today, the Governor will veto the budget put forward by the General Assembly with the aim of securing a better outcome for North Carolina’s children, families and communities. We applaud the Governor for making clear that there are other choices available in our effort to support a stronger and prosperous North Carolina.
As the Governor mentioned, this budget fails to make adequate investments in the education of our children, well-being of our seniors and safety of our environment, all while keeping in place an ineffective tax break for wealthy North Carolinians.
There are better choices available to policymakers. Limiting the tax break passed last year to target small businesses is one option that would make greater reinvestment in our schools or Medicaid possible. The worst decision the General Assembly could make now is to not consider and work towards a better budget and go home. The result would be a budget that:
- Requires schools to return more than half a billion dollars a year in state funding
- Leaves the Medicaid program underfunded by more than a quarter of a billion dollars, impacting thousands of vulnerable North Carolinians’ access to necessary medical care
- Continues to under-invest in the highway and road infrastructure necessary to our state’s economy
It is critical that policymakers come together to work towards implementing a budget that takes into account the needs of our community and the means we have to support those needs. Leaving Raleigh without making an effort to develop a better budget will ignore the wishes of all North Carolinians who seek leadership that is focused on a better future for all.