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Having more revenue than expected is not the same as having the revenue we need
Each year, the North Carolina Office of State Budget Management (OSBM) and the Fiscal Research Division (FRD) release a Consensus Revenue Forecast that projects how much tax revenue the state can expect to collect. The forecast represents an agreement — that’s the “consensus” part — between the legislative and executive branches about how much money…
Taxes are the way we deliver a better future across North Carolina
In communities across the state, most North Carolinians share the same values for our future. We envision a North Carolina where our children can grow up to reach their full potential, where families have the resources to care for their loved ones, and where local entrepreneurs can bring new ideas to market and create high…
Recognizing the Contributions of Working Families to NC’s Economy and Communities
Working families across North Carolina contribute to our state’s economy every day through their labor in essential roles, from grocery store workers to home health aides to early childhood educators. At the same time, North Carolina’s upside-down tax code asks these families to play an outsized role in funding the public services we all want…
NC Budget & Tax Center is proud to be Family Forward NC certified
Employers across North Carolina want to attract and retain the best employees, and they want those employees to be happy and healthy. At the Budget & Tax Center, we advocate for public policies that support safe working conditions, living wages, and protections for workers so everyone can balance life and work. I have experienced firsthand and…
Our website has gotten an upgrade!
If you’ve been on our website since March 1, you may have noticed it looks a lot different. That’s when we launched our new, revamped website, which we’ve been working on for more than a year now, and we’re very excited to finally be able to share it with the world! So, what’s new? We’ve…
Economic indicators of well-being should inform policy priorities across NC
Today, the NC Budget & Tax Center published our Economic County Snapshots for 2024. Released each year, these snapshots provide at-a-glance information on a variety of economic indicators for every county in North Carolina. Why do these indicators matter for the economy? People drive our economy. At the onset of the COVID-19 pandemic, this economic…
Welcome our 2024 Better NC Fellowship Cohort!
The North Carolina Budget & Tax Center is excited to announce the 2024 cohort of the Better NC Fellowship! This year, we welcomed our largest cohort of Better NC Fellows, with ten North Carolina leaders from eight counties across North Carolina. In collaboration with the NC Black Alliance, the NC Budget & Tax Center hosts…
Root of school problems in Durham and state is years of underfunding
Public schools across the state, including in Durham, continue to be harmed by an ideology that sacrifices adequate investment in our children’s education in order to divert public money to special interests and corporate welfare. As the parent of three children in Durham Public Schools, it would be easy to, like many, lay the blame…
Who pays taxes in North Carolina?
As North Carolinians, we pay taxes to build communities that ensure everyone — Black, brown, and white — can thrive in every corner of our state. But policymakers in North Carolina have created a tax code that asks more of people with the lowest incomes. The latest edition of Who Pays?, released today by the…
Local tax credits are delivering for families nationwide, but not in NC
A recent report from the Institute on Taxation and Economic Policy (ITEP) is timely, then, in lifting up the potential of local governments to make transformational investments in working families through innovative policies like a local Earned Income Tax Credit. While the use of these local credits is currently blocked by state law in North Carolina, their effectiveness is a reminder of what might be possible if legislative leaders pursued policies to deliver well-being to communities across NC and empowered local governments to do the same.
