NC Republicans strike late-budget framework with tax cuts and big raises
TL;DR
North Carolina Republicans announced a late framework for a new state budget after nearly a year-long stalemate, proposing a 3.49% income tax rate in 2027 (holding for three years) and a constitutional amendment to cap it at 3.5%, plus an average 8% teacher pay raise and a 3% state-employee raise with bonuses; law enforcement receives sizable boosts and retirees get a 2.5% bonus. A final budget vote is expected by mid-June as lawmakers finish details and await a revised revenue forecast.
Topics:nationpolitics#budget-framework#north-carolina#politics#state-employees#tax-cuts#teacher-raises
- NC Republicans have a deal on the overdue state budget, with raises and tax cuts Raleigh News & Observer
- NC budget | lawmakers announce deal has been reached ABC11 Raleigh-Durham
- 'Makes me emotional': NC educators react to proposed 8% teacher pay raise WLOS
- N.C. Republicans Reach Deal to Cut Taxes, Raise Teacher Pay The Assembly NC
- NC Republican leaders announce end to state budget impasse NC Newsline
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