Budget

The State of Things
12:55 pm
Wed July 2, 2014

Education And Medicaid Spending Still At Issue In Budget Negotiations

Credit NC General Assembly

  

It’s a new fiscal year as of Tuesday, but the legislature has yet to reach an agreement on budget adjustments. 

The House and Senate are still at odds over how to spend money on education and Medicaid. 

Lawmakers are also trying to sort out a coal ash regulation bill, public records rules for charter schools, and higher penalties for prison inmates who get a hold of cell phones.

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Politics & Government
8:44 am
Thu June 26, 2014

Governor And House Leaders Endorse Secondary Budget

Credit Jorge Valencia

Governor Pat McCrory and leaders in the state House have released a bill that would serve as a scaled-down budget proposal. The move is meant to shake up a slow budget process.

House Budget Appropriations Chair Nelson Dollar explained Senate Bill 3 to a packed conference room earlier today. Dollar said among other things, the measure would give teachers an average five-percent pay raise and state employees a $1,000 raise plus benefits.
 

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Education
10:41 pm
Thu June 19, 2014

Teachers, Supporters Drop Off 300 Pound Petition To Lawmakers

Teachers and supporters carried heavy cardboard boxes of petition signatures calling lawmakers to raise the teacher pay to the national average.
Credit Reema Khrais

 A group of teachers and supporters dropped off a 61,000-signature petition to lawmakers on Thursday, demanding pay raises that do not result in destructive cuts to public education.

They carried the 14 heavy and large cardboard boxes to the offices of Senate Leader Phil Berger and House Speaker Thom Tillis, who are currently leading the efforts to raise teacher pay. 

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Politics & Government
8:27 am
Wed June 11, 2014

NC General Assembly Summary: Tuesday, June 10

Photo: North Carolina's Old Capitol building
Credit Jorge Valencia

The House of Representatives has been busy working on a budget plan for the state and other large pieces of legislation. Here's a summary of the days news from the State Capitol:

The centerpiece of the spending plan lawmakers are adjusting is pay for public school teachers. A five percent raise is what House Speaker Thom Tillis and his colleagues are suggesting.

That’s almost the mid-point between the two existing budget outlines. The governor has suggested a two-percent raise, and the senate an 11-percent raise.

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Politics & Government
8:19 pm
Thu May 29, 2014

Senate Budget Plan Would Mean Big Changes To Education And Medicaid

Credit Government & Heritage Library, State Library of NC / www.flickr.com/photos/statelibrarync/8634329145/

Senate leaders have released their proposed budget for the next fiscal year. They’re looking to spend about 21 billion dollars. Their plan would make substantial changes to the Medicaid program - and would scale back several state agencies, including the Department of Justice. Senate leaders also proposed hefty pay raises for public school teachers. 

For months now, Senate leaders have made it very clear that they want to give teachers pay raises. But they’ve been pretty coy about the details until this week.

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Education
6:32 pm
Tue May 27, 2014

NC Bill Would Trim Funding For School Buses

Credit Dave DeWitt

 State lawmakers are considering a bill that would reduce funds for school buses over the next five years. 

The House bill would limit the number of spare buses and their replacement parts, while revising the state inspection process for school bus maintenance.

The bill’s sponsor, Rep. Julia Howard (R-Davie, Forsyth), says the legislation would make school bus operations more efficient, while saving about $19 million in recurring funds over the years.

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Business & Economy
8:54 am
Tue April 29, 2014

Baby Boomers Worry About Their Nest Egg

A survey from PNC Financial shows that many retirees are worried about having enough money to live on.
Credit TaxCredits.net, “Retirement” / Flickr

Baby Boomers have less financial security in retirement than their parents did. That's according to a PNC Financial survey.

The company recently surveyed about 1,200 adults across the country and found that half of retirees are worried about running out of money.

Kathy Kraeblen is a senior wealth advisor for PNC in Raleigh. She said previous generation had a combination of a pension, social security and better savings habits, and they didn't live as long. But, Kraeblin said, Boomers can still learn to budget and re-adjust their investments.

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Business & Economy
9:34 am
Fri April 25, 2014

Tar Heel State In Bottom-Third Nationally For Financial Literacy; What We're Doing About It

The North Carolina Bankers Association has set up a new center to develop curriculum that can help state residents better manage their finances.
Credit Kenteegardin / Flickr

Banks, businesses and non-profits are joining forces to help North Carolianians take control of their money.

A report from the finance web site WalletHub found that the Tar Heel State ranks in the bottom-third nationally for financial literacy.

Jan Dillon is the director of the new North Carolina Center for Financial Literacy.  She said financial literacy is knowing the skills to live comfortably within one's means, like budgeting, saving and planning.

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The State of Things
11:50 am
Fri December 13, 2013

U.S. House Reaches Bipartisan Budget Compromise

Credit Wikimedia

  Yesterday the United States House of Representatives reached a two-year budget agreement with concessions on both sides.

The GOP doesn’t touch entitlements and the Democrats get no new taxes. Host Frank Stasio talks to News Channel 14’s Washington reporter Geoffrey Bennett, and Scott Mooneyham, editor for NC Insider.

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Budget Agreement
6:24 pm
Wed December 11, 2013

N.C. Lawmaker Thinks Budget Comprise Is Too Small To Signal Change In Washington

Credit price.house.gov

Rep. David Price (D-NC) plans to vote for the budget agreement, proposed on Wednesday by representatives Paul Ryan (R-WI) and Patty Murray (D-WA). Though he's not convinced it will be enough in the long run.

"It's hard to imagine sequestration looming over us for ten years," said Price.  "We are going to need to do something bigger and ambitious at some point."

"It does not necessarily mean we're on our way to larger agreements," Price added.

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