NC Budget and Tax Center

Conference budget is a disappointment for North Carolina

The conference budget passed this past week by both legislative chambers misses a whole host of opportunities to provide adequate, basic services and improve the lives of everyday North Carolinians. Legislative leaders describe this budget as a compromise that maximizes the use of limited dollars, yet those very legislators have prioritized tax cuts over investments in the services and programs that strengthen our growing state.

The false choices represented in this budget — innovations waivers versus closing the coverage gap, teachers versus early childhood programming — are largely the result of these tax cuts for the wealthy, which began in 2013. With $3.6 billion in lost revenue each year since then, General Assembly leaders have proposed additional cuts for the richest North Carolinians that worsen the already upside-down tax code that places a greater tax burden on those with the lowest incomes.

Here are just a few of the ways that the conference budget fails to make proper investments in our state:

With Friday’s veto from the Governor, we will look to legislators on both sides of the aisle for a sustained veto so that our elected leaders can start over on a new budget that reaffirms our collective values and better addresses the needs of all in our state.

Suzy Khachaturyan is a Policy Analyst at the Budget and Tax Center, a project of the North Carolina Justice Center.

Check Also

Report: Most U.S. citizens would likely fail Trump administration’s “public charge” proposal for immigrants

A new report released by the Center on ...

Top Stories from NCPW

  • News
  • Commentary

State judicial code makes discipline unlikely for Justice Paul Newby The only registered Republican [...]

There have been several high profiles departures at the North Carolina Department of Public Instruct [...]

The U.S. House on Thursday voted to hike the federal minimum wage to $15 per hour by 2025.  The meas [...]

Gov. Roy Cooper signed the controversial “Death by Distribution” bill into law last week. Under the [...]

It’s no secret that the United States has a significant and growing problem when it comes to the mat [...]

The post …the Ventriloquist appeared first on NC Policy Watch. [...]

Linger long enough in Raleigh’s legislative lagoon and you’ll find there are three kinds of lawmaker [...]

There’s an old adage in the law that’s often used to describe situations in which a judge jails some [...]