JUST RELEASED: The Final Budget
The two-year budget approved by the North Carolina General Assembly and signed by Governor McCrory falls far short of what was needed to meet the needs of children, working families and communities. As such, it will continue to hamper North Carolina’s full recovery from the Great Recession. Instead of investing adequate resources in schools, health care, public safety and the other building blocks of a strong and enduring economy, state lawmakers chose to make room for tax cuts for the wealthy and profitable businesses that will cost $683.8 million in lost revenue over the next two years, and $2.8 billion over the next five years.
Click here to read the complete BTC Report on the 2013-2015 Budget.
IN FOCUS: 2013-2015 Budget Toolkit
To provide you with more detailed information about state budget decisions, the Budget & Tax Center has put together the following issue-specific fact sheets. From education to economic development, these brief analyses of the decisions in the budget and their impacts on North Carolina provide the information for you to educate and inform your networks.
For more tools to talk about the state budget and its impacts, visit Together NC's Budget Toolkit here. http://togethernc.org/budget-toolkit/
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.