Defusing the State Debt Bomb With Daniel Disalvo | Beaufort County Now

North Carolina is home to a number of vital industries and many beautiful sights. civitas, state debt, daniel disalvo, vital industries, february 17, 2020
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Defusing the State Debt Bomb With Daniel Disalvo

Publisher's note: This post, by Brooke Medina, was originally published in Civitas's online edition.

    North Carolina is home to a number of vital industries and many beautiful sights. We have a robust economic climate that attracts outside business and fosters innovation. Sadly, we're also no stranger to overpromising benefits to state employees, which has left us with $34 billion in unfunded liabilities.

    However, North Carolina has sought in earnest to remedy this problem, making some difficult decisions that included changing the number of years a state employee needed to serve before they could be eligible for benefits, charging premiums, and sunsetting healthcare coverage for employees hired after January 2021.

    Daniel DiSalvo, a senior fellow at Manhattan Institute and professor of political science at City College of New York - CUNY, joins the program to explain how North Carolina is faring as a result of these fiscally conservative changes and how we can serve a model state to others that are facing their own debt bombs.

    You can access DiSalvo's report HERE.

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