The budget for this biennium calls for $23.5 billion in the first year and $24 billion in the second year. This represents about 3% spending growth which is within the definition of contained spending growth by most analysts. This budget compromise between the Senate and House was vetoed by the governor on the basis it did not go far enough to fund NC priorities. His budget called for $1 billion in additional spending. The veto was quickly overridden and the budget has become law. Below are some key highlights of the budget. You should be the judge if whether or not we were successful to help our citizens keep more of their hard-earned money, continue to fund our priorities, and contain spending growth.
The following six blog articles highlight the different areas affected by our state budget: