Another Budget That Fails to Meet NC's Needs
The verdict is in on the most recent session and once again lawmakers have passed a status quo budget that fails to make the critical investments NC needs to grow. Our friends at NC Policy Watch took a closer look at the budget in a recent opinion piece. Let us know what you think in the comments!
The $22.34 billion budget that lawmakers enacted reflects their limited aspirations for North Carolina, increasing spending by only 2.8 percent, or $606.7 million, over 2016. While the budget reinvests in some worthy programs and services, these additional investments represent a small fraction of what is needed to boost economic opportunity and help North Carolinians doing their best to get by—North Carolinians like the children stuck on persistently long waitlists for early childhood education, jobless workers facing too few jobs and job training programs, and older adults going without the in-home and community support that they need.
Under this measure, state spending remains below the 45-year average in the 2017 fiscal year.
Lawmakers’ fiscal strategy of flawed rigid formulas and persistent tax breaks is holding back our economy by leaving many investments that support thriving communities unmet or underfunded. This approach hampers North Carolina’s ability to generate improved economic outcomes today and in the future through proven strategies—strategies like investing in public services and programs that expand opportunity, build pathways to the middle class, and connect people to jobs and communities to markets.