The budget is ultimately about priorities and the choices that our elected leaders make about where tax dollars will go. Legislative leaders have already severely restricted the range of choices available artificially by continuing to cut taxes for the wealthy and big companies. When the latest round of tax cuts are in full effect, the state will have an annual loss of nearly $3.6 billion. And the two current budget proposals include additional tax cuts that will result in fewer dollars for the public good than would have otherwise been available.
As the conference budget process continues through the weekend, here are some select items that are important to the well-being of North Carolinians and our communities.
Once the conference report is released, we will analyze how the conference budget decides between these two proposals.
Suzy Khachaturyan is a Policy Analyst at the Budget and Tax Center, a project of the North Carolina Justice Center.