#ncga: GOP looking to OUTSPEND Cooper ???
We told you about the conservative majority in the General Assembly agreeing to knock state spending up ONE BILLION DOLLARS above 2017-2018 totals.
Now, it appears they’re trying to outspend Gov. Roy Cooper by $200 million. Check out the graphic below:
A Raleigh GOP operative posted this on Twitter to complain about “code language” by Cooper to disguise tax increases.
GOP leadership is proposing spending at $23.9 billion. Cooper, as you can see, is proposing $23.7 billion.
That’s for the enacted budget passed last year. Cooper’s is a proposed budget (https://files.nc.gov/ncosbm/documents/files/BudgetBook_2018-19_web.pdf; page 11) and wants to spend $24.537 billion. It’s about $620 million more than Republicans propose to spend.
You can’t make this stuff up
We should be cutting spending from last year, not increasing it.
So one question I have is the “Conformity with Federal Tax Cuts” line. Is Coop admitting, in contradiction to everything the leftists like to spout, that tax cuts will result in more tax collections?
Why did Coop not mention his huge tax increase of $110M in his press release?
The guy really wants to spend all of the surplus AND raise taxes AND spend on recurring items such as a generous increase in teacher pay. Which the GA has already said is to be 6.5%?
The legislature will also pass conformity with the federal tax cuts.
It is a good thing. It means you don’t lose your federal tax cuts with higher state income taxes.
It also keeps North Carolina from collecting taxes they were not planning on getting in the first place
see
https://www.bostonglobe.com/news/nation/2018/05/12/federal-tax-cuts-give-many-states-cash-windfall/2EDq8LM1NjGhQujbay18aI/story.html