FACTSHEET: SB 817 Puts NC's AAA-Bond Rating at Risk

By Alexandra Forter Sirota
Director, Budget & Tax Center
June 2016

Amending the state constitution to set an arbitrary and low income tax rate could harm North Carolina’s respected AAA bond rating. Our bond rating allows us to borrow for major road, building renovations, and development at low cost and in so doing makes it possible to pursue investments that set our state on a solid foundation for the future.

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