tax cuts

tax cuts

Education News Top Story

Monday numbers: A closer look at the state’s school facility needs

North Carolina has a nearly $13 billion backlog in new school construction and renovations, according to the 2020-21 Facility Needs Survey.  The backlog represents an increase of more than $4 billion over the $8 billion reported in the Facility Needs Survey five years ago. 

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Top Story Weekly Briefing

Several days late and billions of dollars short: Another untimely and inadequate budget takes shape at the General Assembly

The North Carolina House finally approved a proposed budget bill last week for the fiscal year that began six weeks ago. Now comes a period of negotiation with the Senate, which passed its version a few weeks before, and after that one hopes, some measure of legitimate give and take with Gov. Cooper.

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Education News Top Story

Democrats challenge education spending, substantive law changes as House GOP rolls out proposed budget

House Democrats during a committee meeting Tuesday questioned the lack of full funding for programs needed to comply with a consent order in the long-running court case on public education.   The questions arose as the House budget committee went through details of the $25.7 billion proposal unveiled by the body's Republican majority. More debate is expected Wednesday and Thursday before the House votes on the plan.

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Monday numbers: New polling shows NC voters want to keep the corporate income tax, spend federal relief funds on core services

Last month the North Carolina Senate passed a bill that would eliminate the state corporate income tax over five years, beginning in 2024. New polling, released last week by progressive policy group State Innovation Exchange (SiX), however, shows North Carolina voters overwhelmingly oppose such a change.

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Monday numbers: A closer look at the state Senate’s deeply flawed “economic relief” proposal

Republicans in the state Senate recently advanced a rewrite of House Bill 334 – a bill which bears the nondescript title “JOBS Grants and Tax Relief.” The new version of the bill has been promoted by its proponents as an “economic relief” measure that will aid businesses still struggling in the wake of the COVID-19 recession and help further stimulate the state’s economy.

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Top Story Weekly Briefing

Stop the bleeding: The last thing North Carolina needs right now is another round of big tax cuts

If you’re an American of a certain age, you may remember one of the zanier TV comedy sketches of the late 20th Century in which the great Steve Martin joined some of the early "Saturday Night Live" cast members in the role of “Theodoric of York, Medieval Barber.” If your memory has faded or that was before your time, don’t fret, you can always find it online or catch a more modern iteration (though sadly, not for laughs) over at the North Carolina Genera Assembly... ...

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