LEGISLATIVE BULLETIN: Senate Budget Cuts Vs. Revenues
By Brenna Burch
Policy Analyst, NC Budget & Tax Center
June 7, 2011
The final legislative budget, which was approved by both the Senate and House this past weekend, is currently on Governor Perdue’s desk for consideration. The failure of the new leadership to address the state’s fiscal challenges with a balanced approach that includes revenue will impede North Carolina’s fragile recovery, placing additional pressure on local governments and communities.
Throughout the budget process, the NC Budget and Tax Center has contrasted budget cut options identified by NC General Assembly joint appropriations subcommittees with revenue options that would preserve decades of public investment in the economic and social advancement of North Carolina. The analysis of the final legislative budget demonstrates the significant opportunity to secure North Carolina’s future that is foregone when revenue is not part of the approach.