Why North Carolina Needs a Taxpayer Bill of Rights, In One Chart | Beaufort County Now | Conservative legislative leadership has held state spending growth in check over the last decade.

Coronavirus Disease 2019 (COVID-19)
Publisher's Note: This post appears here courtesy of the John Locke Foundation. The author of this post is Brian Balfour.

    Conservative legislative leadership has held state spending growth in check over the last decade. This is a good thing, meaning that you are keeping and making decisions over more of the money you earn, and the government's sway over the economy is smaller than it was under previous spend and tax regimes.

    But such responsible budgeting is one election away from swinging back to the irresponsible, unsustainable spending sprees of the past.

    That's why a Taxpayer Bill of Rights (TABOR) is so important. A TABOR would establish annual limits to state spending growth tied to the rate of inflation and population growth. Important to note, a TABOR would not require spending to keep pace with inflation and population growth, but rather establish a hard cap on spending that could not be exceeded. Ideally, a TABOR would be added as an amendment to the state constitution to make it more permanent and binding. Other provisions in a TABOR often include voter approval over tax increases as well as rebates to taxpayers when revenue exceeds certain thresholds.

    The chart below demonstrates just how crucial establishing a solid and permanent spending restraint is for North Carolina. It visualizes the reckless spending binges that previous leftist regimes embarked upon for decades prior to the last decade of conservative leadership.

    In the three decades leading up to the Great Recession:

  • North Carolina's state General Fund budget more than tripled, even after adjusting for inflation
  • By comparison, the state population grew by 61 percent
  • In other words, real expenditures in North Carolina's state budget grew at more than three times the pace as population
  • Even if the inflation-adjusted state budget grew by 122 percent — or twice the rate of population growth — during that time, appropriations would have amounted to only $15.3 billion in 2008–09, $6.1 billion less than the actual approved budget that year. This level of spending would have proved to be sustainable even as the Great Recession severely curtailed revenue. State tax revenue alone totaled $16.8 billion that year (fees added hundreds of million more, while federal bailout funds helped the state balance its budget)

    North Carolina taxpayers simply can not afford to return to the outrageous spend and tax policies of decades past. Adding a TABOR to the state's constitution would ensure we don't.
Go Back


Latest Op-Ed & Politics

Virginia’s Democrat candidate for governor, Terry McAuliffe, has conceded the race to the victor, Republican Glenn Youngkin.
White House Principal Deputy Press Secretary Karine Jean-Pierre said on Thursday that President Joe Biden was “perfectly comfortable” with giving payouts to illegal aliens who were separated at the border from their families under the prior administration.
Incidents of academics being targeted for their views are on the rise, according to a new report by the Foundation for Individual Rights in Education (FIRE).
Russia working to protect themselves and possibly destroy
Voters in Robbinsville, a tiny town in North Carolina’s last dry county, have approved the sale of beer and wine, according to unofficial results Tuesday.
The White House was forced to intervene Friday and walk back claims President Joe Biden made during a town hall event on Thursday night, admitting that the administration is “not pursuing” using the National Guard to solve the supply chain crisis
Let's be frank ... a lot of us have been leery of Facebook and its cabal of programmers, administrators, promoters, fact-checkers, and even its creator, and many have even walked away from the liberal platform.


We will offer this allotment of three with more to come; some old, most new, but all quite informative, and, moreover, necessary to understanding that in North Carolina, there is a wiser path to govern ourselves and our People.
In a previous research brief, I wrote about how existing nuclear power plants produce “zero emissions while at the same time being the most reliable and lowest-cost source of electricity.”
We have reached a critical juncture in our nation’s history. As once hallowed institutions decay before our eyes, parallel structures struggle to arise.
On Tuesday, November 2, The N.C. House voted along party lines in favor of its new House election district map, while the N.C. Senate approved new congressional maps.
No longer the "friendly opposition", the Liberal "ying" to the more studious, more insightful "yang"; no, not the least bit worthy of such.


Back to Top