A new study released today by the North Carolina Bar Association shows that the state court system generated more than $460 million in direct economic impact and supported more than 6,000 jobs here last year.
“The study reveals what we have known all along – our courts have an enormous impact on our economy and deserve adequate funding in order to serve the needs of North Carolina citizens and businesses,” NCBA president Catharine Arrowood said.
The association commissioned the study as part of renewed efforts to educate state residents and lawmakers about the critical role the courts play not only in protecting citizens’ rights but also in supporting the state’s economy.
Despite the demonstrated economic impact, the courts have take unprecedented hits over the last five years, seeing budgets slashed by as much as 30 percent in some areas.
“The study shows that cuts in funding over the past four years have totaled $35 million,”Arrowood added. “This reduction in direct spending has had a cumulative four-year total impact on the North Carolina economy just over $67 million in reduced spending.”
Read the full report here.