South By North Strategies, Ltd.

The N.C. Budget & Tax Center estimates that the recently enacted state budget will result in the statewide loss of 30,000 jobs over a two year period. From the analysis …

Taken together, the net effects of the tax cut package and budget cuts demonstrate that the proposed budget in its entirety will negatively impact the North Carolina economy.  By FY 2012‐13, this budget will cost the state a cumulative 29,782 jobs, $1.2 billion in lower wages, and $2.3 billion in lost industry output.