Fact Check Our Ad
Narrator: Who can afford a billion dollar tax increase in times like these?
Governor Perdue thought we all could, but hard working families like ours said, “No!”
Instead the new legislature balanced the budget by cutting waste, lowering taxes and they added state funding for 2,000 more teachers.
There is still more work to do – but a balanced budget that adds teachers is delivering North Carolina real solutions.
Get the facts at NCRealSolutions.com.
- The 2009 state budget raised taxes by nearly $2.5 billion
SOURCE: New taxes were estimated to raise $1.08 billion in FY 2009-10 and another $1.38 billion in FY 2010-11, according to the Joint Conference Committee Report: http://www.ncleg.net/sessions/2009/budget/2009/JointConferenceCommitteeR...
- The 2011 state budget closed a $3.1 billion budget gap – without raising taxes.
SOURCE: “North Carolina’s FY 2011-12 Budget Gap,” Fiscal Brief presented by Fiscal Research Division of the North Carolina General Assembly, Dec. 2010. This preliminary estimate projected a FY 2011-12 budget gap at $3.7 billion. Available at: http://www.ncleg.net/fiscalresearch/frd_reports/FRD_Reports_PDFs/Fiscal_...
Also see: A Feb. 2011 memo from Fiscal Research updated the budget gap estimate based on revised revenue projections. Memo available online here: http://www.ncleg.net/FiscalResearch/generalfund_outlook/generalfund_outl...
The new revenue projections were $600 million higher than the Dec. 2010 report, thus lowering the expected FY 2011-12 budget gap to $3.1 billion.
- Governor Perdue proposed a billion dollar tax increase.
SOURCE: Greensboro News & Record, 01/17/2012 – "Gov. Bev Perdue says her budget proposal for next year will include a temporary sales tax increase... Perdue plans to recommend what she calls restoring three-quarters of the penny sales tax that had been on the books for two years starting in 2009. That would raise the sales tax in most counties from 6.75 percent to 7.5 percent." http://www.news-record.com/content/2012/01/17/article/perdue_proposes_hi...
Also see: Office of State Budget and Management, Presentation of Governor Perdue’s Recommended Budget, pg. 18, Feb. 2011 - http://www.osbm.state.nc.us/files/pdf_files/2011_OSBMBudgetSummary.pdf. The net tax increase for Perdue’s 2011-13 biennial budget is roughly $1.2 billion.
- Legislators cancelled close to a quarter billion dollars in previously approved but not yet issued state debt.
SOURCE: SB 464 “State Debt Reduction Act” Available at: http://www.ncleg.net/Sessions/2011/Bills/Senate/PDF/S464v3.pdf
- The state budget will return more than $2 billion in taxes to North Carolina families.
SOURCE: The “temporary” sales, income and corporate taxes were estimated to cost $1.2 billion in FY 2010-11. Using that as a baseline, it is safe to estimate that if these taxes would have continued through the FY 2011-13 biennium, it would have cost taxpayers well over $2 billion over the course of those two years.
SOURCE: Joint Conference Committee Report on SB 202 http://www.ncleg.net/sessions/2009/budget/2009/JointConferenceCommitteeR...
- The state budget included nearly half a billion in tax relief for small businesses.
SOURCE: The “Small business tax relief package” is projected to save small business $135 million in 2011-12 and $335 million in 2012-13. Estimates available at: http://www.ncleg.net/sessions/2011/budget/2011/MoneyReport-5-31-11.pdf
- The 2011 state budget increased education funding resulting in more than 2,000 new state-funded teaching positions.
SOURCE: State funded positions in k-12 education had been reduced by previous budgets. In 2011 the new legislative majority increased total education spending by $400 million resulting in an increase of more than 2,000 state funded teaching positions: http://apps.schools.nc.gov/pls/apex/f?p=1:21:1650242906481166::NO:::
Also see: Luebke, Bob. "Preliminary DPI Personnel Data Shows Increase in State-Supported Education Jobs," Civitas Institute, 17 Jan 2012.
Also see: Genardo, Kim. “Reality Check: How Did Budget Cuts Affect Teaching Jobs in 2011-12,” NBC 17 News. February 14, 2012.
Also see: Luebke, Bob. “Behind the DPI School Personnel Numbers,” Civitas Institute, 23 Jan 2012.