North Carolina budget

North Carolina General Assembly building.
NC General Assembly

The leaders of North Carolina's House of Representatives had hoped to unveil their state budget sometime this week. But hashing out their spending plan is taking a bit longer than expected.

North Carolina Gov. Roy Cooper wants to increase state government spending next year by more than 5 percent, or $1.1 billion, and to issue about $350 million in new debt to renovate state buildings.

McCrory Releases More Details Of His Budget Plan

Apr 22, 2016

North Carolina Governor Pat McCrory released more details Friday morning from his budget plan for the 2016-17 fiscal year that starts July 1. 


jmturner / Wikimedia Commons

Thursdays are usually busy days for lawmakers in Raleigh. It’s the day they wrap up their work for the week and head back to their districts. Today, though, the legislature will be very quiet.

NC Senate Releases Contentious Budget Proposal

Jun 15, 2015
Berger
North Carolina General Assembly

North Carolina Senate leaders are gearing up for another budget battle with their counterparts in the state House and Governor Pat McCrory, even before releasing an actual budget document.


NC House Passes $22 Billion Budget

May 22, 2015
North Carolina General Assembly building.
NC General Assembly

Early Friday morning, North Carolina’s House of Representatives passed its $22 billion state budget. The final vote came just after 1 am. It capped off more than 9 hours of debate about the bill itself and nearly 50 amendments to the measure.

After earlier projections that showed North Carolina may finish this fiscal year with a budget shortfall, state economists are now saying the state will come out ahead. A consensus forecast released Wednesday projects a surplus of $400 million or about 2 percent.

North Carolina's gap in tax revenue compared to the year before keeps getting smaller. The Office of the State Controller reported Tuesday that tax revenues are still down though.

Alan Cleaver / Flickr

A report from the state controller Wednesday shows North Carolina's tax revenues are down $477 million compared to the same period a year ago. 

The $477 million represents a 4 percent drop in tax revenue. That's actually an improvement from a few months ago, when the state was down 6 percent.

In a vote of 68 to 46, the House has given its tentative approval of the new state budget. The $21 billion plan also gained the Senate’s approval earlier this morning. As in the Senate, the House debate over the measure got heated.

Pages