Raising taxes on corporations and millionaires could fund big investments in every public school district in NC

Additional funding per student and potential investments in public schools that would be possible with revenue raised from a 5% state corporate income tax rate and a 7% state personal income tax rate on incomes over $1 million, by county.

Map showing additional funding per student and potential investments in public schools that would be possible with revenue raised from a 5% state corporate income tax rate and a 7% state personal income tax rate on incomes over $1 million, by county.

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Analysis assumes that funding is distributed to school districts based on their share of state funding in the 2024-2025 school year, and that 35% of funds go to teacher raises, 35% to hiring new teachers, and 30% to other needs. For counties with multiple school districts, data is combined to create county-level estimates.

Chart: NC Budget & Tax CenterGet the dataEmbed Download image