Episode 66 - Tax Cap Amendment and Education

The General Assembly is considering a Constitutional amendment to permanently cap income tax rates in North Carolina. If approved, it would appear on the November ballot along with other Constitutional amendments being proposed this week. With education making up more than half of the state budget, what impact could this amendment have on the state’s ability to fund public schools, community colleges and universities? Guests: • Dr. Patrick McHugh, Economic Analyst, Budget & Tax Center • Richard Bostic, Government Relations, NC School Boards Association • Vicki Lee Parker, Executive Director, North Carolina Business Council • Kel Landis, Principal, Plexus Capital