For those paying attention to the cost of state government retirees, primarily the penion plan and health benefits, there is a section in the state budget that is especially instructive as to the growing burden such state retiree benefits is placing on taxpayers. Specifically, in the Senate’s proposed budget bill, it is Section 35.15(b) that lets us [...]
Budget & Taxes Archives
Medicaid Blues
We will be hearing more about how Medicaid is draining money from the state, as in this news story. Senate Republicans said Monday their two-year budget proposal demonstrates how Medicaid keeps siphoning away money from other priorities, … The proposal for state government spending through mid-2015 sets aside $1.2 billion over those two years for [...]
Senate Releases FY 2013-14 Budget Plan
The North Carolina Senate last night released its budget proposal for the coming fiscal year, which starts July 1. Click here for full text of the budget bill. Click here for the “money report” which details specific dollar amount changes to budget line items. The News & Observer provides an overview here. Some highlights from the [...]
Details of House Tax Plan Unveiled; Changes are Less Significant than Senate Plan
The AP is reporting that the North Carolina House has made available to them details of tax reform legislation they are working on. Following are the main highlights of the plan: The personal income tax would change from the current multi-bracket structure ranging from 6% to 7.75% to a flat 5.9% next year. Standard deductions would increase to exempt the [...]
The IRS, the Miami Heat and Obamacare
The IRS scandal is blowing up bigger every hour, but it’s important to remember why it’s important to rein in the government. Take the Cary man who says he was harassed by the Internal Revenue Service because he was active in the tea party movement. Beginning now, such claims have much more credibility; in fact, [...]
