From: "Sen. Fern Shubert" <Ferns@ncleg.net> Subject: New Raleigh Report Now Posted Date: Fri, 16 May 2003 13:06:43 -0400 A new edition of The Raleigh Report is now available. Just click on the link http://www.forfern.com to find the current edition and the archives. [Webmaster's note: the May 2003 Raleigh Report is here. Page down to the sections entitled "Revenue Up 7.2%. Oops! Tax Hikers Estimated 8.6%," and "Budget Expands Authority to Borrow Without Vote."] Topics covered include the budget, the portfolio fight and some clues on who is responsible for the runaway spending in Raleigh. If you thought we have budget problems because NC tax revenue is down, think again. Tax revenue is up 7.2% for the year compared to last year. Income tax collections were down, but given the number of jobs run off by NC's recent anti-business actions, particularly the tax increases, why is anyone surprised? Did anyone mention that the shortfall in income tax collections due to shrinking personal income is more than offset by revenue growth attributable to the tax increases, particularly the sales tax increase, that further shrink personal income available to our citizens. If your paper hasn't reported NC's revenue growth as a result of higher taxes, you might want to write and ask why. The government isn't exactly starving for funds compared to the citizens. In fact, while private sector growth is now less than the rest of the Southeast, growth in government income is ahead of other states. Similarly, if no one in your area is telling the public that NC is handing out money with no accountability, be sure to share the story of Ham Horton's proposed amendment. Until the public knows what is happening to their money, the people handing it out and the people receiving it will keep doing what they've been doing until the money runs out. The pdf file at the bottom of the web page is there to make it easy for you to run off a newsletter to share with your friends who are not on the internet. Please spread this information as far as you can. People need to know what is happening in Raleigh. When enough do, they will demand changes. If you do not want to receive The Raleigh Report, just reply and type "unsubscribe" in the subject line. If you find it interesting, please forward it to your friends and urge them to "subscribe" by sending me an email with "subscribe" in the subject line. It is free and it covers material they might not find anywhere else.