Budget, Taxation & Economy
Budget, Taxation & Economy
At the state legislature, Locke advocates for limiting the expenditure of tax dollars and strictly limiting its tax burdens on families and businesses.
Budget, Taxation & Economy
Americans’ Purchasing Power Down 14% Over Last Two Years
Real wages have been falling 22 consecutive months.
Budget, Taxation & Economy
Consensus Forecast Projects Surplus This Year, Declining General Fund Revenue Next Two Years
The Office of State Budget and Management and the General Assembly’s Fiscal Research Division released their joint forecast for North Carolina’s revenue today. This is a standard procedure that occurs in the early days…
Budget, Taxation & Economy
Inflation’s Strong January Increase Implies Long Road Ahead
The Consumer Price Index (CPI) rose 0.5% in January after falling 0.1% in December, according to the latest release from the Bureau of Labor Statistics. On an annual basis, prices have increased 6.4%. …
Budget, Taxation & Economy
Five Ways to Reduce Your Tax Burden
North Carolina lawmakers cut taxes in the last biennium budget, lowering the dollar amount workers owe to the state. During the current long session, we may see additional tax changes. There…
Research Brief
Budget, Taxation & Economy
Economic Development Incentives: Are They Worth It?
North Carolina continues to make headlines for its economic development incentives. These projects are lauded for creating jobs, but in reality, the projects rarely meet the job goals and are…
Budget, Taxation & Economy
Consumer Spending Fell, What Does This Mean?
Consumer spending fell 0.2 percent in December, making this the second consecutive month of decline. Covid savings are drying up and high interest rates appear to be cooling the economy. Officials at…
Budget, Taxation & Economy
Local Jobs Report Shows Decreased Unemployment … and Labor Force
Unemployment decreased in 96 of North Carolina’s 100 counties in December, according to the latest release from the state’s Department of Commerce. Ninety-two counties also saw a decrease in unemployment rates…
Budget, Taxation & Economy
Twenty-four Counties Due for Property Tax Reassessments This Year
Police, schools, and other local services are often funded by your local county government. Property taxes are the biggest contributor to local government revenues. In 2020, they were responsible for…
Budget, Taxation & Economy
New Report Shows NC Lags Other States in Tax Treatment of Remote Workers
NC ranks poorly in its tax treatment of remote workers.
Budget, Taxation & Economy
Share of Union Workers at All-Time Low
Headlines detailing pro-union pushes at Amazon, Starbucks, and other big companies, coupled with President Biden’s vow to be the “most pro-union President leading the most pro-union administration in American history,” may lead us to…
Budget, Taxation & Economy
Job Data Diverges Nationally and in North Carolina
After increasing for four consecutive months, North Carolina’s unemployment rate plateaued in December at 3.9%, according to the latest release from the North Carolina Department of Commerce. North Carolina’s unemployment rate moved above the…
Budget, Taxation & Economy
North Carolina Among Many Other States Pursuing Lower Taxes
Though the national media often fails to give them attention, state tax reforms are underway across the country. Over the past decade, North Carolina has led the way in state…