budget

RALEIGH — The North Carolina Senate is considering a state budget plan for the next two years that relies heavily on collecting higher taxes from families with children in order…

RALEIGH — Gov. Mike Easley’s just-announced state budget plan for the 2003-05 biennium includes an immediate $461 million tax increase and allows spending to grow by nearly 5 percent next…

RALEIGH — Gov. Mike Easley announced Monday a proposed spending cap for North Carolina that would limit annual budget growth to average changes in the state’s personal income — a…

RALEIGH — Even after much-publicized budget “cuts” in each of the past three fiscal years, North Carolina state spending this year is up 80 percent from what it was 10…

North Carolina lawmakers are once again coming to Raleigh to grapple with a projected deficit exceeding $1 billion. A close examination of fiscal trends demonstrates that excessive spending, not inadequate revenue, is the cause and that the state budget continues to be bloated with wasteful or low-priority expenditures. Policymakers must show courage, be willing to apply fundamental principles, and target major areas of state spending for savings and reform.

Former Indianapolis Mayor Stephen Goldsmith said that one of the greatest challenges facing local government is how to do more with less. This is certainly true for local governments in North Carolina. In the past two years, they have had to adjust to significantly more stringent budgetary constraints. This was brought on, in large part, by Governor Easley’s decision to withhold state reimbursements to counties and municipalities. Because of this localities are being forced to find innovative ways to balance their budgets.

RALEIGH — Gov. Mike Easley and the state legislature have approved a revised budget for the current fiscal year that will likely result in hundreds of millions of dollars in…

North Carolina’s state budget reflects its governmental priorities. Unfortunately, over the past two decades governors and lawmakers have usually chosen to add new programs to the state budget without considering the merits of existing programs and finding ways to fund higher-priority items by eliminating lower priorities. As a result, the budget has grown by leaps and bounds, interrupted only briefly by retrenchment during recessionary periods, including the past three fiscal years. Until state leaders learn to exercise fiscal discipline or to write fiscal discipline into law via a strong expenditure limit the budget problem will worsen.

RALEIGH — Today’s decision by Moody’s Investors Service to downgrade North Carolina’s bond rating revealed the pointlessness of last year’s massive $700 million state tax increase, according to two senior…

At this writing, the N.C. House is considering a revised General Fund budget of $14.3 billion, balanced largely by raising state taxes by $166 million, raiding $255 million from highway funds and $156 million from local governments, and achieving net budget savings of $478 million. Unfortunately, the news for taxpayers is likely to be worse next year, given the use of some $666 million in one-time money for expenses likely to recur — setting the stage for another tax increase.