In the Republican response to Governor Beverly Perdue’s State of the State address Senator President Pro Tem Phil Berger didn’t address the specifics of her speech but outlined the GOP approach. Perdue didn’t committ to ending the temporary tax increases on businesses but Berger said the Republican majority would. “Governor Perdue promised the tax hikes [...]
Economics Archives
A veto may be the next step for the Balanced Budget Act
Republican House Speaker Thom Tillis says it is a possibility Governor Beverly Perdue will veto SB13 which targets nearly $800 million in savings for the current budget. If the Governor does veto the bill that means she wouldn’t have the authority for which she asked the legislature to cut $400 million. That permission is part of the [...]
Perdue’s Sketchy Jobs Claim
During her announcement that the state’s budget gap has shrunk by $1 billion (a dubious claim itself), Gov. Perdue declared: “My administration’s work on jobs and economic growth has meant more than 50,000 new jobs for this state, with an investment of $10.4 billion. That work is finally paying off.” These job numbers seemed odd to [...]
Here come more earmarks
State Democratic Representatives Marvin Lucas, Diane Parfitt, Rick Glazier and Elmer Floyd introduced a bill to give $1 million to the Partnership for Defense Innovation. It’s a non-profit organization that is supposed to help businesses and inventors connect with the military for contracts. It is located in Fayetteville which is in the district the bill [...]
More debt can’t be a solution in the new budget
Several legislative budget subcommittees will meet next Tuesday to look at alternatives for filling a budget shortfall in the new spending plan. One solution Republican leaders probably won’t touch is increased debt to fill the hole. They in the past have complained about increased debt, especially the use of COPS to borrow more money without asking [...]
