Below is an excerpt. You can download the PDF at the bottom.
- I developed a growth endowment for mission-giving at a church. I have watched this grow for 27 years, and it is still growing rapidly. As governor, I would like to use the same growth endowment idea with money from the North Carolina State Lottery in order to increase revenue and reduce taxes.
- We would establish a growth endowment by using 5% of the spendable portion of the lottery each year. Half of the income will be spent to cut taxes, and the other half plowed back into the corpus of the fund, so that it will continue to grow. We will lead the people of North Carolina into a constitutional amendment stating that a growth endowment will be so established and that it will take a 66 and two-thirds percent vote by the people before the fund can be raided by any legislature or governor.
- I am proposing a growth endowment using 5% of the spendable portion of the lottery each year in order to cut taxes.
- I am ...