Despite all the complaints and bellyaching about “out-of-control spending” from GOP circles across the state, a new study released by the NC Justice Center shows state spending could drop down to its lowest levels in nearly 40 years.
The study, released Tuesday, shows Gov. Bev Purdue’s approach to cutting the $3.3 billion revenue shortfall facing state govenmetn would drive state spending to its lowest level, as a share of state personal income, since 1972.
â€śSuch historically low levels of state spending would cause severe harm to North Carolinaâ€™s vital public structures, just when people need state services most,â€ť Edwin McLenaghan, of the NC Justice Centerâ€™s Budget & Tax Center, said in a release.
As instructed by Perdue, state agencies are expected to develop budget plans with cuts of 5, 10 and 15 percent. That’s on top of more than two years of spending cuts averaging nearly 10 percent.
â€śProtecting our critical investments in state services by reforming our tax system along with eliminating unjustified tax breaks and ineffective business incentives would help to ensure that the state has the healthy, well-educated and well-trained workforce necessary to pull North Carolina out of the recession,â€ť said McLenaghan. â€śThe alternative is fewer jobs and a blocked path to prosperity.â€ť
The report is available online at: www.ncjustice.org/?q=node/605
And… while I think it is important to focus on facts, real problems and real solutions, I certainly don’t want to let real governing get in the way of the GOP’s fun campaign season…