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.”
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.