All tagged budget
Republicans in the North Carolina Senate unveiled their fiscal year 2023-25 budget proposal. In keeping up with previous budgets, this spending plan preserves the fiscal stability of the state, returns a significant sum of money to taxpayers, spends appropriately on a variety of public interests, and creates a bold new fund to help commercialize research in North Carolina.
Gov. Roy Cooper unveiled what he called his “First in Opportunity” budget at a press conference Wednesday, proposing to spend $32.95 billion in the first year of the biennium and $34.23 billion in the second year. The budget keeps $7 billion in reserve and doesn’t raise taxes, but halts some planned tax cuts.
State House Speaker Tim Moore (R-Cleveland) released the following statement Wednesday following the release of Governor Roy Cooper’s budget proposal.
Governor Roy Cooper released his recommended budget for FY 2023-2025, First in Opportunity. The plan put forth by the Governor builds on the state’s success and “once-in-a-generation” opportunity by investing in North Carolina families, businesses, and communities.
Newly elected U.S. Rep. Chuck Edwards of North Carolina’s 11th District attended his first State of the Union address last week and joined his fellow Republicans in calling out Joe Biden’s fiscal irresponsibility.
Senate Leader Phil Berger (R-Rockingham) released the following statement about the consensus revenue forecast showing the state has a one-time $3.25 billion surplus:
The judge overseeing North Carolina's long-running Leandro school funding lawsuit signaled Friday that he will produce an order next week calling for additional state education spending.
Plaintiffs and N.C. Justice Department lawyers are urging a judge to order $795 million in new state education spending. Briefs filed Friday afternoon confirmed agreement from both groups about whittling down the size of a $1.75 billion spending order issued last fall.
The N.C. House on Thursday passed a resolution supporting Ukraine before following the Senate’s lead and voting to adjourn its long-running session.
The $846 million subsidy deal that North Carolina struck with Apple just topped the “year’s worst” list of a nonpartisan economic think tank. The Center for Economic Accountability selected the 39-year agreement to put Apple’s campus in Research Triangle Park as the “Worst Economic Development Deal of the Year,” saying that its annual $21 million cost to the state led the list of reasons.
North Carolina ranks just outside of the top 10 states, at No. 11, in the latest Tax Foundation State Business Tax Climate Index.
The Tar Heel State’s budget for the new biennium includes $100 million in supplemental pay for public school teachers in some of the state’s smallest, poorest counties.
Gov. Roy Cooper has vetoed a bill that would have set Election Day as the deadline for mail-in absentee ballots in future N.C. elections. Cooper's rejection of Senate Bill 326 marks his 13th veto this year and his record-extending 66th veto since taking office in 2017.
Governor Roy Cooper signed the following bills into law:
The proposed state budget today received overwhelming bipartisan support as it passed the North Carolina Senate by a vote of 40-8.
Gov. Roy Cooper on Thursday, Nov. 18, signed the $25.9 billion budget plan into law. It's the first budget from the General Assembly that Cooper has signed since taking office in 2017.
Gov. Roy Cooper says he will sign the first budget from the General Assembly since he took office in 2017. The announcement came in a news conference Tuesday, Nov. 16, and before the first vote from the Senate on Tuesday afternoon. As of Wednesday morning, the Senate has passed the budget 40-8, with 14 Democrats voting in favor of it. A final Senate vote is coming Wednesday with the House slated to vote Wednesday afternoon and Thursday.
