CommunityGovernment and Politics

Broad Bipartisan Support for Budget Tax Cuts and Teacher Raises

Rep. Susan Martin’s Newsletter

With broad bipartisan support, the final budget has been sent to the Governor to be signed! The main points of what the 2017-2019  budget entails is summarized here, along with links that will direct you to more information.

Martin expresses strong support for teacher pay raises, tax and hurricane relief, and ENCSD

“I fought hard to ensure our area is strengthened by responsible use of taxpayer dollars. Specifically, eliminating the mill machinery tax will help manufacturing, teacher pay raises and further education funding for the Eastern North Carolina School for the Deaf will help our children prepare for the workforce, and 99 percent of families will see income tax savings. We did all that while adding to Hurricane Matthew recovery and saving for the next natural disaster. A good, responsible budget should fund priority needs and send the rest back to taxpayers to fuel economic growth — this budget does that.”

1. Recent budgets produced record savings and surplus instead of deficits and debt.

  • When Republicans took control of the N.C. General Assembly in 2011, the state had about $2 billion in debt.  Republicans paid off that debt, and have now saved a record $1.8 billion savings reserve, or “rainy day fund,” under the 2017 budget proposal. That’s a $4 billion swing in debt/savings turnaround.
  • The 2017 budget is consistent with those recent budgets that produced revenue surpluses by providing responsible tax relief and spending, while predictions are this approach will produce deficits consistent with false predictions of the last six years.
  • Last decade, North Carolina’s sales tax was raised four times – in 2003, 2005, 2007 and 2009.  The state still ended the decade with deficits and debt.
  • Predictions that tax relief would cause budget deficits in North Carolina have proven consistently false since 2011.  Instead, the economy has grown, created jobs and produced revenue surpluses in the hundreds of millions of dollars.
  • North Carolina has created close to 500,000 jobs since Republicans began cutting taxes and spending responsibly in 2011.

 
  2. Education budget adds $700 million, raises teacher and principal pay

  • This budget marks the fourth consecutive teacher pay raise in North Carolina – 2014-15-16-17.
  • North Carolina has had the fastest rising teacher pay in the nation since 2014.
  • This budget expands performance-based bonus programs to top-performing teachers in reading and math.
  • While increasing funding for public education by nearly $700 million over two years, the state budget fully funds K-12, community college and public university enrollment growth.
  • Allocates more than $100 million for grants to economically struggling, rural counties to assist with critical public school building needs.
  • North Carolina’s 2017 budget invests an additional $11 million in textbooks and digital resources, increases funding for children with disabilities, and supports the new N.C. Teaching Fellows Program through the N.C. Education Endowment Fund.
  • $1,000,000 non-recurring will be allocated to the Eastern North Carolina School for the Deaf in Wilson, North Carolina. This money will used for one-time major vehicle and equipment purchases, an increase for maintenance and repairs including information technology updates, and an upgrade to the maintenance shop including a mechanic pit.

  3. House leaders praise tax relief in state budget.

  • North Carolina’s zero-tax bracket has tripled for married families since 2011 under this budget proposal, from $6,000 to $20,000.
  • Raising the standard deduction helps low-income families, those who make the least, the most, letting them save a larger percentage on their income taxes and lowering their “effective tax rate”.
  • 95,000 North Carolinians will be added to the state’s zero-tax bracket under this budget.

4. North Carolina budget provides more tax relief, teacher pay raises, historic savings.

  • Millions of middle-class families and job-creating small businesses will keep more of their earnings.
  • The budget provides an additional $100 million for disaster relief funding.
  • 99 percent of taxpayers to either pay less or no state personal income taxes at all.
  • Increases funding for the Strategic Transportation Investments Program (STIP) by $320 million over two years, which will allow 100 new highway projects to be added over a ten-year period.

We invite you to contact our office if we can be of any service to you . . .

Susie Farrell,
legislative assistant
martinsla@ncleg.net

Dylan Finch,
research assistant
dylan.finch@ncleg.net

Catherine Koontz,
intern
martinsin@ncleg.net

Contact Us
Address: 526 Legislative Office Building, 300 N. Salisbury St., Raleigh, NC, 27603
Phone: (919)715-3023
Email: susan.martin@ncleg.net

Share:

Leave a reply