Tagged: Budget

Governor Pat McCrory released his budget proposal earlier today. It’s a $20.6 billion plan that emphasizes spending on education and economic development and sets aside money for emergencies. It doesn’t seek to create any new high-priced programs.

Earlier today, Governor McCrory told reporters in a news conference at the historic old State Capitol that North Carolina needs to fix its broken government.

White House officials are warning each state that spending cuts due to take effect this Friday will have a significant impact.  Military personnel in North Carolina are bracing for the worst.  Army leaders face more than $136 million in base operations cuts.  Jason Furman is a deputy director of the President's National Economic Council.  He says it's uncertain how those cuts will play out.

"It is pretty much a department-by-department thing," Furman says.

Governor Bev Perdue has vetoed the budget sent to her by the Republican-led General Assembly. This marks the second year in a row the governor has used her veto stamp on a legislative spending plan. Perdue said this morning in a news conference that she was willing to compromise but was rebuffed by the GOP leadership.