North Carolina’s public schools are in a crisis. Teachers are leaving our classrooms in record numbers due to low pay and poor working conditions. Years of neglect have left our schools overcrowded and underfunded. It’s time to stop cutting and start investing in our public schools.
The initial effects of the 2013 tax reform appeared in fiscal year 2014 that ended June 30. The General Assembly’s Fiscal Research Division (FRD) reported that North Carolina general fund revenues for FY 2014 were $450.3 million below the $20.6 billion budgeted amount. This shortfall put the focus on FY 2015.More
The General Assembly’s Republican leaders appear remarkably calm about what is shaping up to be either a serious budget shortfall or an income tax shock for those who have not had enough state tax withheld. Tax revenue flowing into the state is running about $190 million below projections following tax cuts that took effect in January.More