JUST RELEASED: Governor McCrory's Budget Ignores Need for Investments in Families, Communities
Governor Pat McCrory’s budget proposal for the 2015-2017 biennium chooses fiscal austerity over reinvestment in public education, health, safety, and the other building blocks of a strong economy. This lack of investment—as North Carolina nears the sixth year of the economic recovery—impedes the state’s ability to create broadly shared prosperity for all North Carolinians. Pursuing another two years of severe fiscal constraint is also in sharp contrast to past recoveries when state investments were far quicker to return to and exceed pre-recession levels.
Lawmakers chose an irresponsible path for North Carolina in 2013 when they enacted tax cuts that are draining revenues by upward of $1 billion each year. Fixing this ill-advised tax plan should be a priority, but with his budget proposal, the governor has endorsed a stay-the-course policy that will lead to the further erosion of the infrastructure and programs that support the state’s economy.
Read the full report here.
IN FOCUS: Budget Toolkit
The NC General Assembly will embark on setting the biennial budget for FY 16-18 this session. The state budget is a reflection of the priorities of the state and an opportunity to invest for current and future opportunities.
Check out the choices policymakers need to make to build a sustainable state budget that supports an economy that works for all: Raising the Bar.
Check out our fact sheet on the last two-year budget here: 2013-2015 Budget Factsheet.
For more tools to talk about the state budget and use this research and analysis, visit the Together NC's Budget Toolkit here.
Here are some of our issue-specific fact sheets from the first year of the biennial budget.
ABOUT OUR STATE BUDGET WORK
The state budget is a reflection of North Carolina’s values and commitment to supporting economic opportunity and investing in the state’s future. The Budget and Tax Center produces rigorous analysis of state budget proposals to determine if they adequately fund public structures and services, particularly those that promote shared prosperity, quality education, and healthy communities.
Public Investments – Every year, the Budget and Tax Center produces a report on each of the state budget proposals—from the governor, the NC House and the NC Senate—and one on the final budget. We analyze the budgets to determine if they make adequate investments in education, health and human services, the courts and public safety, transportation and the environment. Legislators often refer to our analyses during budget debates, and public officials and progressive organizations throughout the state rely on our reports to help them understand the state budget and what it means for their communities and issue areas.
Fiscal Responsibility – The Budget and Tax Center is the only research organization that looks not only at what investments the state is making but also how it pays for them. In addition to our tax analysis, we look at how decisions about savings, fund transfers, and the use of one-time money affect the state’s long-term fiscal health. The Budget and Tax Center also monitors the transparency and accountability of the budget process.
Human Impacts – The budget makes a difference in our everyday lives and the vibrancy of our communities. The Budget and Tax Center works to engage with communities on the budget and its impacts and monitor and document how it is affecting North Carolinians.