Legislators penned a state budget that puts North Carolina on a path to mediocrity. It finances tax cuts for millionaires and corporations with deep service cuts to programs that North Carolinians need and value. As such, this budget fails to catch up—let alone keep up—with the needs of children, working families, and communities.
Building a strong economy means building a workforce that is ready to tackle 21st Century challenges and able to meet the needs of competitive businesses—which requires adequate investments in education. Yet, the two-year budget falls short by nearly a half a billion dollars over what’s needed to meet the needs of a growing student population. This gap will result in fewer teachers and assistants in more crowded classrooms, stagnate wages for low-paid teachers, and ever-increasing tuition rates for students and their families.
Failing to adequately invest in the engines of a strong and enduring economy will cause long term pain in our state.
Alexandra Sirota is the Director of the North Carolina Budget and Tax Center