North Carolina’s tax code is UPSIDE-DOWN. People with incomes in the bottom 20% (<$25,000 annually) pay the greatest share of their income in state and local taxes — more than 10 percent. Meanwhile, the richest 1% (>$870,000 annually) pay the lowest share of their income in state and local taxes just $6 out of every… The post Factsheet: When corporations and the wealthy don’t pay what they owe,…
This summer, I had the opportunity to serve as a Community Building Intern with the NC Budget & Tax Center (BTC). I believe this experience has given me a greater understanding of how research, data, and community engagement work together in public policy, which will benefit my studies as I enter my senior year at… The post Reflections on my summer internship with the NC Budget & Tax Center…
North Carolina voters will see two tax measures on their ballots in November that will limit state and local government revenue options and lock in outsized tax breaks for big business. These measures would lower the maximum allowable personal and corporate income tax rates to 3.5 percent and impose a limit on property tax revenue… The post Fact Sheet: Tax ballot measures are bad for local…
As data centers rapidly expand across North Carolina, a new report from the NC Budget & Tax Center finds that taxpayers are subsidizing one of the world’s most profitable industries while receiving little in return. The report concludes that data center tax subsidies cost the state and local governments hundreds of millions — and eventually… The post New report: Data center subsidies are a bad…
Big tech is investing billions of dollars into data centers and the infrastructure needed to support the buildout. Meanwhile, instead of regulating this highly extractive industry and making corporations pay what they owe, some North Carolina lawmakers continue to slash away at income tax rates and barrel ahead to eliminate the corporate income tax entirely… The post North Carolina’s data center…
After leaving North Carolina without a comprehensive operating budget for a year, state lawmakers finally approved a spending plan for FY 2026-27. Yet, despite having ample time — and broad public support across party lines — to address affordability concerns, lawmakers made only modest changes to the scheduled personal income tax while preserving the continued… The post North Carolina’s tax cuts…
The NC General Assembly has placed a constitutional amendment on the November ballot that, if approved by voters, would require lawmakers to limit annual growth in local property tax revenue.1 This is not a direct limit on property tax rates but a “levy limit” on the total property tax revenue local governments can collect. If revenue exceeds the limit, tax rates… The post Fact Sheet: Limiting…
In 2025, the federal government passed the harmful mega bill, H.R. 1, making deep funding cuts to SNAP while shifting new costs onto the state. At the same time, more than a decade of state income tax cuts have left North Carolina losing almost $18 billion in revenue each year, just as the state is required to take on these new costs. H.R.… The post State Tax Cuts Are Leaving Counties to Cover New…
Neighbor by neighbor, town by town, city by city. Every great change in our country has started the same way: People came together to find a way forward. North Carolina’s fight against poverty in the 1960s and our response to disasters in both eastern and western parts of the state show what is possible when we work together across our differences to meet shared challenges. One way we come…
Budget approved by state lawmakers fails to fund new SNAP costs while continuing tax cuts that primarily benefit wealthy households and profitable corporations RALEIGH, N.C. — One year after H.R. 1 was signed into law, North Carolina lawmakers have approved a state budget that compounds the federal law’s harm. H.R. 1 made historic cuts to… The post 1 Year After H.R. 1, North Carolina Budget Leaves…
