Articles in regional publications that pertain to a wide range of North Carolina-related topics.
Deliberate N.C. Supreme Court Accelerates Pace On Matters of Taxation and Education
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7438
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Recent rulings by the North Carolina Supreme Court has forced the state to surrender $1.5 billion in realized revenue. The fiscal impact of the rulings is large and comes at a time when the state government is experiencing revenue shortfalls. White examines the following three cases that have had, and will continue to have, a large fiscal impact on North Carolina government:\r\nBAILEY V. NORTH CAROLINA, which concerned taxing of state retirees' pensions; SMITH V. STATE, which canceled the state's intangibles tax and the return of $600 million to taxpayers; and LEANDRO V. STATE OF NORTH CAROLINA, which stated that every child in North Carolina is entitled to a sound basic education.
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