Analysis projects $1B gap in state budget by 2020

Analysis projects $1B gap in state budget by 2020

The newly approved N.C. budget with its tax cut plan could contribute to a $1 billion-plus annual gap between revenue and projected government expenses by 2020, according to an analysis by the N.C. General Assembly’s nonpartisan staff. Republican leaders say the gaps won’t happen or will be covered by careful spending. For Democrats, however, the report reinforces their viewpoint that the tax changes they opposed will blow holes in future budgets.

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