Hispanics have role in state’s economy - North Carolina

Posted on: November 2nd, 2006
Filed Under: [ Business ] [ Top Stories ]
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“Ultimately, the study concluded the fiscal impact to the state of Hispanics through education, health services and corrections totaled about $817 million in 2004. Direct and indirect tax contributions by Hispanics for the same year added to $756 million, resulting in a net cost for the state budget of $61 million or approximately $102 per Hispanic resident.

“People say ‘Aha, they’re costing us,’ but before you ‘Aha,’ think how much you cost us,” the study’s co-author, James Johnson Jr., told seminar attendees Tuesday.

Johnson called the situation a “synergistic relationship.” Without Hispanic labor, certain industries would be negatively affected, such as the construction industry in the state, which would likely have a lower output, he said.”

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