- NC Policy Watch - http://www.ncpolicywatch.com -

Missed Opportunities: Investments that are MIA in Governor McCrory’s budget

MR_investments2 [1]Deep tax cuts are preventing Gov. McCrory from proposing a bold, visionary state budget for the upcoming 2017 fiscal year. The 2013 and 2015 tax cuts are draining more than $1 billion in revenues annually, squeezing out much-needed reinvestment in the programs and services that help children, families, and communities thrive. Under his budget, North Carolina will continue to be held back by substantial unmet needs.

There are few public dollars available for anything else after previous deep tax cuts and the governor’s prioritizing of an uneven compensation package for teachers and state employees. Without those tax cuts, what could have been possible for North Carolina?  There has been plenty of coverage of what is in his budget over the last week [2] but there has been little coverage of what’s not in his budget. Below is a short list of investments that are missing in action but still greatly needed to build a stronger, more inclusive economy for us all.

 Economic Security

Early Childhood Education, K-12 Schools, and Higher Education

Affordable, Healthy, and Safe Communities

Re-employment and Economic Development