All tagged nc

John Hood: Federal Change Could Transform State Care

RALEIGH — Since the federal reconciliation bill was signed into law last month, fans and foes of the sprawling legislation have waged a war of words over its likely fiscal and economic effects. Some argue its permanent repairs to a broken business-tax code will boost capital investment, productivity, and wage growth. Others argue that adding trillions of dollars to federal deficits over the next decade is grossly irresponsible, risking stagflation or worse.

John Hood: Legislature Was Wise to Reclaim Power

RALEIGH — Of all the legislation enacted by the North Carolina General Assembly this year, none is more significant than House Bill 402, which strengthens legislative oversight of state regulations. Passed by both chambers in June, it drew opposition from Gov. Josh Stein. In July, lawmakers overrode his veto to make it the law of the land.

N.C. Schools Issue Bonds in N.C. Thanks to Policy Change

An effort to keep state dollars in North Carolina came to fruition today at the N.C. Capital Facilities Finance Agency (NCCFFA) meeting. This group, chaired by State Treasurer Brad Briner, adopted new guidelines earlier this year aimed at making it easier for nonprofit institutions, particularly schools, to issue bonds in North Carolina. Today, two schools used the flexibility afforded by that policy change to bring projects before the NCCFFA and the Local Government Commission.

John Hood: Push Reset Button on State Budget

RALEIGH — North Carolina is in a mess. It was an entirely predictable mess. Indeed, I and others have been predicting it for more than two years. But former Gov. Roy Cooper, coming soon to a U.S. Senate race near you, and lawmakers of both parties didn’t listen. They expanded Medicaid to include hundreds of thousands of childless, able-bodied North Carolinians — without a realistic means of paying the bill.

John Hood: Health Bill Shows All Is Not Lost

RALEIGH — Are today’s elected leaders incapable of addressing public problems in a serious, respectful, bipartisan manner? If your answer is yes, I’ll concede that you have a strong case. Congress just enacted a sweeping reconciliation bill by the narrowest of margins, with no Democrats in favor. Neither party exhibits any serious intention to close our yawning federal deficits. Current and would-be officeholders seem more interested in talking up conspiracy theories than talking down political tensions or taking on tough issues.