It’s clear from Senate Republicans’ proposed budget that they are determined to follow their same misguided priorities - placing the millionaires and billionaires that fund their campaigns ahead of the needs of everyday North Carolinians. When compared to the governor's budget, this budget falls short in several key ways:
Instead of investing in schools, the Republican leaders in the Senate are willing to give away hundreds of millions of dollars on tax breaks for billionaires and giant corporations.
This plan would give millionaires a tax cut 60 times the size of what middle class families would receive.
Since Republicans have taken control of the state legislature they’ve chosen millionaires before the middle class every step of the way. Under the Senate plan, eighty percent of state tax breaks since 2013 went to the wealthiest North Carolinians.
Yesterday, Speaker Tim Moore announced that a budget compromise may be on the horizon and it could feature block grants to local school districts. Instead of choosing the Senate’s plan to layoff teacher assistants and hire more teachers or the House’s version that protects TA&rsq…Read More
Yesterday the NCGA’s Fiscal Research Division and OSBM released new state revenue forecasts that found a $400 million surplus, instead of a deficit, as had been previously estimated. But buried in the official memo are two dichotomies that explains all you need to know about …Read More
We found these responses particularly insightful: On Thursday, Gov. Pat McCrory released a unambitious state budget, that barely covered the state’s most pressing needs. The Raleigh News & Observer explained it best, “The document runs almost 300 pages. Its expla…Read More
So what’s going to get cut? With the House agreeing to drop its proposal to sell more lottery tickets, there is no more increased revenue on the table in the budget conference committee. To pay for a teacher pay increase something or someone is going to get cut. Who is it going to …Read More