Excerpt From: Civitas Institute. Written By: Brian Balfour.
As Gov. Cooper prepares to release his state budget proposal, its a good time to be reminded of a couple basic numbers:
“North Carolina spends about $21 billion in state tax dollars every year, with total state spending reaching around $52 billion once federal spending and other income sources are counted.”
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But that’s not all, because local governments across NC spend billions of dollars as well. The latest US Census estimate says total government spending (federal pass-throughs, state and local spending) comes to $87.5 billion this year.