Monday numbers

Monday numbers

- in Fitzsimon File

 

1 billion—estimated amount in dollars of loss of state revenue over the next two years if the latest Senate tax plan becomes law (“Still walking the path to zero: The Senate tax plan will harm North Carolina’s goal of building a stronger, inclusive economy, N.C. Budget & Tax Center, March 2017)

3.2 billion—amount in dollars less that the state revenue code will bring in next fiscal year than it would have before tax changes made since 2013 if the latest Senate tax plan passes (Ibid)

50—estimated percent of Senate tax cut proposal that will be received by the top 20 percent of income earners in North Carolina (Ibid)

1.15 billion—amount in dollars of budget pressures facing the state in the next two years, including increases in school enrollments, State Health Plan, Medicaid, teacher pay, and disaster recovery (Ibid)

20,119—amount in dollars of the average annual tax cut the top one percent of income earners will receive since 2013 if the latest Senate tax plan becomes law (Ibid)

15—amount in dollars of the average annual tax cut the bottom 20 percent of income earners will receive since 2013 if the latest Senate tax plan becomes law (Ibid)

22—rank of North Carolina among the 50 states in average teacher pay in 2003-2004 (“How to Build an Economy that Works for All: Attract—and Keep—High-Quality Teachers in the Classroom with Competitive Pay,” N.C. Justice Center, October 2016)

41—rank of North Carolina among the 50 states in average teacher pay in 2015-2016 (Ibid)

8.1—percentage decline in per-pupil K-12 spending since 2008 when adjusted for inflation (“2017 Fiscal Year Budget Falls Short of Being a Visionary Plan for North Carolina’s Economic Future: Lawmakers Double Down on Tax Breaks, Set Limited Aspirations,” N.C. Budget & Tax Center, July 2016)

14.7—percentage decline in state funding per student for the UNC system in the 2016-2017 budget compared to 2008 (Ibid)

3.9—percentage decline in state budget investments in the 2016-2017 budget compared to the 2007-2008 budget when adjusted for inflation (Ibid)

5.1—percentage of overall state economy represented by total spending in the 2016-2017 budget (Ibid)

6.1—average percentage of spending in annual budgets over the last 45 years as a percentage of overall state economy (Ibid)