The Progressive Pulse: House leadership takes a different path than Senate and Governor when it comes to paying for its budget
media mentionPosted by : Tazra Mitchell Wednesday, June 11, 2014
It is worth lifting up the question that few people are asking: what if the tax plan ends up costing more than originally estimated?
As we reported last month, estimates from the Institute on Taxation and Economic Policy (ITEP) suggest that the revenue projections for next fiscal year could be off target by $600 million—a far greater number than the $191 million estimate. If that ends up being the case, the Governor, House, and Senate would all have to again force agencies to return a huge chunk of change (see table below). Of course, this would come at the expense of vital programs and services that build a strong foundation for the economy and help North Carolinians.
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