Mark Jewell, president of the North Carolina Association of Educators, has said the state could be spending a lot more on schools if it hadn’t shrunk revenues by lowering corporate and personal income tax rates in the past few years.
He points to a 2017 report by the nonpartisan Institute on Taxation and Economic Policy, which said North Carolina would have at least $2.8 billion more in annual revenue if legislators had not changed the tax system that existed in 2013. Read more