What we were up to in June 2022

It’s been six months since the NC Budget & Tax Center became a new organization, and it’s amazing how fast it’s gone by. We’re still evolving and figuring things out, and we’re very grateful that you’ve been along for the ride.

The legislative session just ended, and the legislature sent their budget to the Governor for his signature. It’s a bad budget.

And there were a host of important opportunities that legislators could have pursued this year that we outlined in a series of fact sheets:

July partner meeting

Make sure you are signed up for our July 27 partner meeting, where we will talking about who is impacted by inflation and the solutions we need.

Register here

Economic County Snapshots released

We released one of our flagship annual publications, the Economic County Snapshots, last week. The Snapshots provide key economic and social indicators for all 100 counties in North Carolina, along with a comparison to state-level data, with measures for employment, poverty and income, affordable housing, health, education, and supports for working families.

For the first time, we’ve provided data from the Snapshots in interactive online maps and made it available for easy download in spreadsheet format, so you can more easily use these numbers for the work you’re doing in your community. As in the past, we’ve also included a standalone publication for each county, where you’ll find all the indicators on one convenient page.

Check out the County Snapshots

Recent labor market data show we are at risk of repeating past mistakes

Research Manager Patrick McHugh published a recent piece on recent NC labor market data and why the signs that we’re at risk of replaying what happened in the wake of the Great Recession should give everyone pause. As the Federal Reserve looks to reduce inflation, consumers get more pessimistic, and war in Europe continues to destabilize global markets, the potential for a recession is very real. There’s still plenty of reason to hope we can avoid anything like the collapse of the Great Recession, but there is a chance that the hot economic run will come to an end before all of North Carolina’s communities recover what they lost during the pandemic.

Patrick has a couple past publications that are worth revisiting in this context:

Where we’ve been

What we’ve been reading and watching