Tuesday numbers

Tuesday numbers

2.8 billion—amount in dollars of additional revenue the state would have this year if state lawmakers had not changed the tax system that was in place in 2013 (“The Cost Of Trickle-Down Economics For North Carolina, N.C. Budget & Tax Center, May, 2017)

80—percentage of the income tax cuts made since 2013 that have gone to the top 20 percent of taxpayers in North Carolina——before the additional tax cuts under consideration this session (Ibid)

97,000—minimum amount in dollars of the annual income of the top 20 percent of taxpayers in North Carolina (Ibid)

20,000—amount in dollars of the annual income tax cut for the wealthiest one percent of North Carolina taxpayers since 2013 (Ibid)

1.5 million—amount in dollars of the average annual income of the top one percent of taxpayers in North Carolina (Ibid)

9—amount in dollars of the tax cut received by the bottom 20 percent of taxpayers in North Carolina since 2013(Ibid)

12,000—amount in dollars of the average income of the bottom 20 percent of income earners (Ibid)

175—amount in dollars of the average tax cut received by middle income-earners in North Carolina since 2013 (Ibid)

44,000—-amount in dollars of the average income of the middle income earners (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—-number of times in the last six years that state employees have received no pay increase in the budget passed by the General Assembly (State Employees Association of North Carolina)

3—number of times last six years that state employees have received pay increases of less than two percent in the budget passed by the General Assembly (Ibid)

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