NC Policy Watch with Fitzsimon & Schofield » Feasible and frightening

By Chris Fitzsimon
One of the few things that there is a consensus about in this contentious election season is that the state faces a budget shortfall next year that will exceed $3 billion.

There’s not much disagreement about the primary causes of the problem either, sputtering state revenues combined with the expiration of the temporary tax increases passed in 2009 and the end of federal stimulus money that helped balanced the budget in the last two years.

How to address the shortfall is a much different matter, with few specifics from the Democrats who now control the General Assembly or the Republicans who are trying to take over.

Story continues here ➤