Displaying items by tag: budget

According to the latest estimate from fiscal analysts at the North Carolina General Assembly, our state government will take in about $6.2 billion more in General Fund revenue over the 2021-23 budget biennium than was originally projected last year.

RALEIGH — A letter from the head of a national tax reform group touts N.C. lawmakers’ “leadership in advancing pro-growth tax policies.” The letter released Thursday calls for legislators to consider even more tax-related reforms as they begin a new session.

RALEIGH — The N.C. General Assembly convened the 2022 short session Wednesday, May 18, with fast-track plans to “pre-negotiate” the budget and be out by July 1. Still, important issues are on the to-do list, like health care access reports and parental involvement in education.

RALEIGH — Gov. Roy Cooper wants to increase the state budget for the 2022-23 fiscal year from $27 billion to $29.3 billion, an increase of 8.5%. The money would come from $6.2 billion in additional revenue spelled out in the state’s latest forecast.

ROCKINGHAM — A parcel of land east of Clemmer Road will now fall under the city’s jurisdiction.

RALEIGH — 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.

RALEIGH — A new filing in the long-running Leandro school funding lawsuit would lop another $25 million off of the cost of court-ordered education spending. Even with the change, advocates still want a court to force the state to spend an additional $770 million on education.

ROCKINGHAM — The Food King project comes closer to completion with the approval of a flooring contract with a local builder.

RAlEIGH — 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.

On March 28, U.S. President Joe Biden unveiled his 2023 budget proposal. It totals $5.8 trillion, which would bring federal spending and deficits back below their pandemic-era heights (although not back to 2019 levels). Biden's ask comes to nearly $18,000 for every man, woman, and child in America.