Statement from Alexandra Forter Sirota on the Senate's constitutional amendment

"Arbitrary and flawed formulas" will reduce revenue by nearly $2 billion annually

RALEIGH (August 11, 2015) — The radical changes to the state Constitution given tentative approval by the Senate today puts policymakers’ primary responsibility of creating a budget each year on auto-pilot.

These arbitrary and flawed formulas for spending growth and income tax collections will reduce revenue by nearly $2 billion annually and restrict access to the state’s rainy day fund in times of crisis. It’s clear these proposals are a fiscally irresponsible path that will harm our state’s families and future.

FOR MORE INFORMATION, CONTACT: Alexandra Forter Sirota, alexandra@ncjustice.org, 919.861.1468; Jeff Shaw, jeff@ncjustice.org, 503.551.3615 (cell).

 

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