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Deal Reached on N.C. State Budget, Source Tells Spectrum News 1
The plan keeps state employee raises and tax cuts while dropping a proposed Raleigh baseball stadium funding mechanism, officials said.
- North Carolina lawmakers finalized a long-awaited budget agreement late Sunday, aiming for a vote this week to implement the spending plan by the July 1 fiscal deadline.
- The North Carolina House of Representatives and Senate necessitated this compromise after more than 1,000 days without a comprehensive budget, relying on stopgap measures since last year.
- House Majority Leader Brenden Jones announced the plan includes 13% raises for law enforcement, about 8% for teachers, and $1,750 bonuses for employees earning under $75,000 annually.
- Upon passage by the General Assembly, the legislation heads to Democratic Gov. Josh Stein, who has 10 days to sign, veto, or allow the bill to become law without his signature.
- The spending plan adjusts sports wagering revenue distribution from 18% to 23% and includes income tax cuts, though it excludes funding for a potential Major League Baseball stadium in Raleigh or Charlotte.
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11 Articles
11 Articles
Watauga Democrat+3 Reposted by 3 other sources
Vote on state budget expected this week
(The Center Square) – Lawmakers in North Carolina this week are expected to have a vote on the state budget, a two-year spending plan that was due to be implemented on July 1 of last year.
·Calhoun, United States
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NC budget deal reached, with votes planned before July 4
North Carolina legislative leaders reached a long-awaited state budget deal over the weekend, with votes expected this week as the state approaches the July 1 start of the new fiscal year. The agreement was first reported by WRAL on Sunday night and confirmed by Carolina Journal on Monday morning. Legislative leadership and staff remained in Raleigh late last week as negotiations intensified, with staff working past 10pm on multiple nights and …
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Coverage Details
Total News Sources11
Leaning Left3Leaning Right2Center6Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 27%
C 55%
R 18%
Factuality
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