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.