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The North Carolina House, Senate, and governor have each released their budget proposals for the upcoming biennium
 
North Carolina’s unemployment rate decreased again in April from March’s rate of 3.5% to 3.4% according to the latest release from the North Carolina Department of Commerce. The national rate also decreased to 3.4%.
North Carolina’s unemployment rate decreased again in April from March’s rate of 3.5% to 3.4% according to the latest release from the North Carolina Department of Commerce. The national rate also decreased to 3.4%.
 
North Carolina Secretary of State Elaine Marshall announced during this month’s small business week that new business filings are still at near-record levels in North Carolina.
North Carolina Secretary of State Elaine Marshall announced during this month’s small business week that new business filings are still at near-record levels in North Carolina.
 
The North Carolina Senate released its biennium budget proposal this week as scheduled, with the expectation of meeting with the state House to establish a conference budget before the current fiscal year ends on June 30
The North Carolina Senate released its biennium budget proposal this week as scheduled, with the expectation of meeting with the state House to establish a conference budget before the current fiscal year ends on June 30
 
Special provisions continue to thrive in North Carolina. The last biennium budget was loaded with special projects, and the forthcoming one may be no different.
Special provisions continue to thrive in North Carolina. The last biennium budget was loaded with special projects, and the forthcoming one may be no different.
 
The Consumer Price Index (CPI) rose 0.4% in April after increasing 0.1% in March according to the latest release from the Bureau of Labor Statistics.
The Consumer Price Index (CPI) rose 0.4% in April after increasing 0.1% in March according to the latest release from the Bureau of Labor Statistics.
 
The monthly local jobs report reveals unemployment rates and related economic indicators at the county level.
The monthly local jobs report reveals unemployment rates and related economic indicators at the county level.
 
Work and personal responsibility lead to prosperity, but the left increasingly favors programs that foster government dependency
Work and personal responsibility lead to prosperity, but the left increasingly favors programs that foster government dependency
 
It’s budget season in the Tar Heel State. We have high hopes that this biennium budget can allow for substantial benefits to North Carolinians.
It’s budget season in the Tar Heel State. We have high hopes that this biennium budget can allow for substantial benefits to North Carolinians.
 
North Carolina’s unemployment rate dropped to 3.5% in March according to the latest release from the North Carolina Department of Commerce. This is lower than February’s revised rate of 3.6%, yet 0.2 percentage points higher than the unemployment rate in March of last year.
North Carolina’s unemployment rate dropped to 3.5% in March according to the latest release from the North Carolina Department of Commerce. This is lower than February’s revised rate of 3.6%, yet 0.2 percentage points higher than the unemployment rate in March of last year.
 
How This Harms Taxpayers and What NC is Doing About It
 
In 2013, the new General Assembly held the sales tax at 4.75%, while expanding the base. Consumption-based taxes like the sales tax are more stable and less economically destructive than income taxes which discourage savings and investment.
In 2013, the new General Assembly held the sales tax at 4.75%, while expanding the base. Consumption-based taxes like the sales tax are more stable and less economically destructive than income taxes which discourage savings and investment.
 
In 2013, the new Republican-led General Assembly took steps to foster economic growth by lowering the state’s corporate income tax rate. The corporate income tax is a burden that ultimately falls on workers.
In 2013, the new Republican-led General Assembly took steps to foster economic growth by lowering the state’s corporate income tax rate. The corporate income tax is a burden that ultimately falls on workers.
 
Ten years ago, in July of 2013, the Republican-led General Assembly enacted historic tax reforms. Perhaps most notably, lawmakers overhauled the state’s personal income tax, moving from a progressive multi-tiered structure to a flat, simple rate.
Ten years ago, in July of 2013, the Republican-led General Assembly enacted historic tax reforms. Perhaps most notably, lawmakers overhauled the state’s personal income tax, moving from a progressive multi-tiered structure to a flat, simple rate.
 
The American Legislative Exchange Council (ALEC), along with Dr. Arthur B. Laffer, just released their 2023 annual report of Rich States, Poor States.
The American Legislative Exchange Council (ALEC), along with Dr. Arthur B. Laffer, just released their 2023 annual report of Rich States, Poor States.
 
The new proposed tax cut schedule would lower the personal income tax rate to 2.49% after 2026.
The new proposed tax cut schedule would lower the personal income tax rate to 2.49% after 2026.
 
The Consumer Price Index (CPI) rose 0.1% in March after increasing 0.4% in February according to the latest release from the Bureau of Labor Statistics. On an annual basis, prices have increased 5.0%.
The Consumer Price Index (CPI) rose 0.1% in March after increasing 0.4% in February according to the latest release from the Bureau of Labor Statistics. On an annual basis, prices have increased 5.0%.
 
Pension plans for state government retirees are strained
 
The NC Senate signaled their intentions Wednesday to aggressively lower the state’s personal income tax rate.
The NC Senate signaled their intentions Wednesday to aggressively lower the state’s personal income tax rate.
 
The monthly local jobs report reveals unemployment rates and related economic indicators at the county level.
 
Last Wednesday, North Carolina House leadership released a biennial budget proposal that over the next two years would, among other things, increase spending on public schools, raise average teacher pay by more than 10%, and expand school choice.
Last Wednesday, North Carolina House leadership released a biennial budget proposal that over the next two years would, among other things, increase spending on public schools, raise average teacher pay by more than 10%, and expand school choice.
 
The progressive left often argues that the rich do not pay enough in taxes. The tax code is not progressive enough, they say. But, the tax code is much more progressive than they would like to admit. See the below graph from The Heritage Foundation.
The progressive left often argues that the rich do not pay enough in taxes. The tax code is not progressive enough, they say. But, the tax code is much more progressive than they would like to admit. See the below graph from The Heritage Foundation.
 
One of Raleigh’s oldest banks is in the running to purchase the failed Silicon Valley Bank, also known as SVB.
One of Raleigh’s oldest banks is in the running to purchase the failed Silicon Valley Bank, also known as SVB.
 
Did politicians learn their lesson from the Great Recession? It’s a question I pose in my latest piece at RealClearPolicy.
Did politicians learn their lesson from the Great Recession? It’s a question I pose in my latest piece at RealClearPolicy.
 
The North Carolina House released its biennium budget proposal this week as scheduled, and the North Carolina Senate is scheduled to release its version next before the two chambers meet to establish a conference budget
The North Carolina House released its biennium budget proposal this week as scheduled, and the North Carolina Senate is scheduled to release its version next before the two chambers meet to establish a conference budget
 
On Wednesday, the North Carolina Senate introduced a creative solution to address critical workforce housing shortages for North Carolinians.
On Wednesday, the North Carolina Senate introduced a creative solution to address critical workforce housing shortages for North Carolinians.
 
Democrat Gov. Roy Cooper unveiled what he called his “First in Opportunity” budget at a press conference Wednesday, proposing to spend $32.95 billion in the first year of the biennium and $34.23 billion in the second year.
Democrat Gov. Roy Cooper unveiled what he called his “First in Opportunity” budget at a press conference Wednesday, proposing to spend $32.95 billion in the first year of the biennium and $34.23 billion in the second year.
 
Declining Labor Force, Wages, and Work Hours Cause for Concern
 
At this time, the abbreviation 'NC' stands for 'no crisis.'” - State Treasurer Dale Folwell
At this time, the abbreviation 'NC' stands for 'no crisis.'” - State Treasurer Dale Folwell
 
Michigan could be the first state in nearly 60 years to repeal a “Right to Work” (RTW) law.
 
Unemployment rates increased in all but one of North Carolina’s 100 counties in January, according to the latest release from the state’s Department of Commerce. These local rates are not seasonally adjusted and are subject to large seasonal patterns.
Unemployment rates increased in all but one of North Carolina’s 100 counties in January, according to the latest release from the state’s Department of Commerce. These local rates are not seasonally adjusted and are subject to large seasonal patterns.
 
Leaders in the North Carolina House and Senate announced an agreement on Wednesday, March 8, on a budget amount for the 2023-2024 fiscal year.
Leaders in the North Carolina House and Senate announced an agreement on Wednesday, March 8, on a budget amount for the 2023-2024 fiscal year.
 
Governor Cooper released his recommended budget for the biennium today. The General Assembly has already begun budget writing, and the Governor’s recommendations, in this case, are purely political.
Governor Cooper released his recommended budget for the biennium today. The General Assembly has already begun budget writing, and the Governor’s recommendations, in this case, are purely political.
 
The Federal Reserve has aggressively raised target interest rates over the past year to tamp down on rising prices. Even so, inflation persists at worrisome rates. According to today’s release from the Bureau of Labor Statistics, the Consumer Price Index (CPI) rose 0.4% in February after rising 0.5%
The Federal Reserve has aggressively raised target interest rates over the past year to tamp down on rising prices. Even so, inflation persists at worrisome rates. According to today’s release from the Bureau of Labor Statistics, the Consumer Price Index (CPI) rose 0.4% in February after rising 0.5%
 
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