State investment authority approves larger budget as assets under management top $206 billion

State investment authority approves larger budget as assets under management top $206 billion

RALEIGH — The State Board of Community Colleges is continuing to make its case for Propel NC, a proposed overhaul of North Carolina’s community college funding model that remains tied to state budget negotiations.

The North Carolina Community College System said the board reviewed new economic impact projections for Propel NC during its May meeting. The system described Propel NC as its primary legislative request and said the board also reviewed updates to high-impact student achievement programs and approved leadership transitions.

Propel NC is intended to change how the state funds community colleges by placing more emphasis on high-demand and high-wage workforce areas. The system has 58 community colleges, and the funding debate affects workforce training, student access and local employer needs across the state.

EducationNC reported that the community college system is seeking a $93 million recurring request for Propel NC and that the model would prioritize funding for high-wage, high-demand sectors. According to that report, system officials presented estimates showing that, by 2030, Propel NC could increase health care program completers by about 600 and trades and transportation completers by about 1,100 compared with last year’s levels.

The community college system’s May 26 announcement also highlighted Access to Achievement, a state-funded program for students with intellectual and developmental disabilities. The program began as a pilot in 2022 at Brunswick Community College and Catawba Valley Community College and is designed to help students pursue education, credentials and employment goals.

The funding request comes as lawmakers weigh education spending, workforce needs and the state’s economic development priorities. Community colleges often sit at the center of those debates because they provide short-term workforce training, continuing education and degree programs tied to local labor markets.

For NC Political News, the stronger story is not the board meeting itself, but the budget question behind it: whether lawmakers will fund a recurring change to the community college formula and how they will measure results if they do.

Editor’s note: This article was drafted with the assistance of artificial intelligence and was reviewed and fact-checked by a member of the NC Political News editorial team before publication.

State investment authority approves larger budget as assets under management top $206 billion

State investment authority approves larger budget as assets under management top $206 billion

State launches prison staffing pilot as correctional officer pay remains budget issue

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