Seal of North Carolina North Carolina

North Carolina has a statutory spending limit under North Carolina General Statutes, Chapter 143C, Section 4-6, The statute places a limit on general fund operating budget to 7% of total state personal income. It exempts appropriations for capital expenditures and one-time expenditures. Because this is statutory, the TEL can be overridden by a simple majority vote.

 
The base year represents the year the hypothetical Taxpayer's Bill of Rights (TABOR) would have been enacted. Selecting a base year changes how the state’s TABOR is calculated because the annual growth rates of inflation and population change depending on when TABOR is enacted.
  • Year Inflation-adjusted Actual Spending Inflation-adjusted TABOR Spending Difference
    1992 18,841,869,810 -- --
    1993 20,298,996,150 -- --
    1994 23,339,482,600 -- --
    1995 24,064,314,460 -- --
    1996 22,805,719,010 -- --
    1997 24,956,109,210 -- --
    1998 26,472,089,220 -- --
    1999 28,323,451,340 -- --
    2000 29,701,732,990 -- --
    2001 29,872,953,150 -- --
    2002 30,413,836,440 -- --
    2003 30,454,289,960 -- --
    2004 31,458,846,780 -- --
    2005 34,737,578,330 -- --
    2006 34,085,800,900 -- --
    2007 38,318,006,450 -- --
    2008 39,918,180,350 -- --
    2009 42,032,177,290 -- --
    2010 40,492,074,080 -- --
    2011 41,508,635,590 -- --
    2012 43,465,265,170 -- --
    2013 36,613,983,440 -- --
    2014 36,176,869,370 -- --
    2015 36,538,776,210 -- --
    2016 37,136,879,010 -- --
    2017 38,743,698,180 38,191,865,720 551,832,460
    2018 37,095,006,300 -- --
    2019 41,207,125,050 39,015,949,600 2,191,175,450
    2020 39,369,693,110 38,841,093,790 528,599,320
    2021 39,388,769,640 39,245,153,100 143,616,540
    2022 38,316,000,000 -- --
*All spending figures are in inflation-adjusted 2022 dollars.
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$3.4 billion
Total North Carolina taxpayer savings with TABOR implemented in 2013
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$341.5 million/year
Average annual North Carolina taxpayer savings with TABOR implemented in 2013
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$327
Total savings per capita in North Carolina with TABOR implemented in 2013
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$33/year
Average annual savings per capita in North Carolina with TABOR implemented in 2013