A looming $3 Billion Hole in North Carolina State Budget


The states were warned of this happening if they accepted the Obama stimulus money, but did the democrats listen! NO THEY DID NOT! Now North Carolina is one of many having a budget problem created by Obama’s stimulus money and the polices of the democrats. Did the North Carolina Democrats such as Dewey Hill listen to the warnings!  NO THEY DID NOT!  Now we’re 3 billion in the hole and we the taxpayers will be forced to pay higher taxes.

A looming $3 billion hole in the state budget could mean that temporary tax increases put in place last year won’t be so temporary after all.

State legislators haven’t said yet whether they will extend the taxes as they try to balance a budget without the benefit of federal stimulus money that is set to run out next year.

The current budget, which takes the state through June 30 of next year, relies on roughly $1.6 billion in one-time stimulus money, plus another $1 billion or so from temporary taxes put in place in 2009 and set to expire next year

Calls for cuts and a hard-line on tax increases will be part of the GOP mantra this election season. Republican legislators called for the state to overhaul its budget and prepare for next year repeatedly during the last legislative session. SOURCE

It’s time to send Dewey Hill packing for home and elect Tristan Patterson that will listen to the people and make decisions based on what’s best for we the people of North Carolina!

LINKS:

(1)  Whiteville, N.C. U.S.701, N.C. 130 project

(2)  U.S. Senator Richard Burr Talks With Business Owners Around North Carolina

(3)  Obamacare: Health Care Premiums Are Already Soaring

(4)  Unemployment has decimated economic growth in Charlotte N.C.

(5)  North Carolina June 2010 Unemployment Numbers Not Good

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One comment on “A looming $3 Billion Hole in North Carolina State Budget

  1. Ever thougt about how long that Democrats have ben in control of our state legislature. About time fora change, I think.

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