NC Advances Record $34B Budget With Tax Cuts and Education Funding
TL;DR
North Carolina lawmakers advanced a record $34 billion state budget in the first round of votes, including raises for state workers and teachers, one-time pension boosts, and phased personal income tax cuts that could drop to as low as 2.49% by 2034. The plan also raises taxes on data centers and sports betting companies, funds Hurricane Helene relief and reserves, expands Medicaid oversight while trimming some health-department positions, and boosts transportation spending, with final passage and Gov. Stein’s signature expected later this week.
- ‘Need to rein in spending’: NC lawmakers advance proposed $34 billion state budget WRAL
- NC House and Senate vote for budget, with support and dissent from both parties Raleigh News & Observer
- NC budget finalized with raises for teachers, state employees, and law enforcement ABC11 News
- New NC budget proposes big cash infusion for Charlotte health clinic’s construction Charlotte Observer
- GOP-authored NC budget proposal faces final round of voting WRAL
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