December 11, 2014

North Carolina Budget and Tax Center: 2015 Budget Undermines North Carolina’s Competitiveness

ITEP Work in Action

The 2015 state budget, passed by the NC General Assembly and signed by Governor McCrory, undermines North Carolina’s competitive position in the 21st century global economy. Lawmakers failed to provide a high-quality education for all children, protect natural resources, support community-based economic development, or provide adequate health and human services to North Carolina residents. By neglecting to make such investments, state leaders are hampering the recovery of struggling communities and failing to build a foundation for an economy that works for all. These shortcomings in the budget are another reminder that the state cannot afford the growing cost of the 2013 tax plan, which drained resources for schools and other basic services to mainly benefit high-income households.

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