03.22.2011 Policy Points

Back To The Budgetary Drawing Board

The N.C. Budget and Tax Center looks at the legislature’s proposed spending targets for Fiscal Year 2011-12 and is not impressed.

The legislature’s budget targets would drive state spending as a share of state personal income to its lowest level since at least 1972. An$18.3 billion budget would be an 8.4 percent reduction over the current year budget, making it the largest year‐over‐year percent reduction in total state spending in the last 30 years. The impact to state programs and services of such large budget cuts would be unprecedented in modern North Carolina history.

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