South By North Strategies, Ltd.

The N.C. Budget and Tax Center lays out a plan for modernizing the state’s revenue system.

The plan outlines how North Carolina can create a modern revenue system that improves long-term adequacy, minimizes volatility and ensures equity so that the state can invest in North Carolina’s shared prosperity. The significant flaws of the current revenue system undermine the state’s ability to fulfill its mission and support the economic recovery. Research shows that revenue reform can improve the economy’s ability to grow and innovate in the long term. Revenue reform can minimize the devastating impact of a cuts-only approach to the budget shortfall and set North Carolina on a path to economic recovery.