Source: Mark Binker, NEWS & OBSERVER, 4/18/17

The state Senate’s proposal to cut $1 billion in taxes over the next two years will lead to budget shortfalls starting in the 2018-19 fiscal year, according to an analysis produced by the General Assembly’s Fiscal Research Division. By the budget year that starts on July 1, 2021, there would be a $598.9 million gap between tax revenue and budget demands, assuming school enrollments and other similar factors hold steady, according to the projections.

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