Budget

Small businesses in Brightleaf Square shopping center.
Laura Candler

It depends on what you consider good for business. If you head to the North Carolina Department of Commerce’s website, you can see many of the positive rankings North Carolina has received from business media outlets: No. 1 Best Business Climate from Site Selection in 2012, No. 4 Best State for Business by Forbes in 2012, No. 4 America’s Top States for Business by CNBC in 2012.  Most of the organizations doing the ranking look at a similar group of factors, although they each give those factors different weight in their decisions.

General Assembly
Dave DeWitt

Both houses of the State Legislature have passed a final $20.6 billion dollar budget. Much of today's debate in the House and Senate centered on the cuts to public education. Those cuts include eliminating about 2,000 teacher assistant positions and ending teacher tenure.

"You cut a half a billion dollars out of education in this budget in order to make up for the tax giveaway that you did for the wealthy and the out-of-state corporations," said Democrat Martin Nesbitt,  the Senate Minority Leader.

Reverend William Barber led another Moral Mondays protest at the capitol.
Matthew Lenard

For many lawmakers and lobbyists, the culmination of five months of work during this biennial long session came when a final budget was released late Sunday night. More than 500 pages and $20.5 billion, the budget was finalized behind closed doors by two men, both Republicans – Senate President Pro Tem Phil Berger and House Speaker Thom Tillis.

NC Legislative Building,
Dave DeWitt

A busy week at the General Assembly starts today. Republican Leaders in the House and Senate hope to wrap up the session this week. But first they will have to approve a final budget.

That budget was posted online last night (pdf). It contains some provisions that are close to Senate President pro Tem Phil Berger and House Speaker Thom Tillis, who have been meeting behind closed doors for several weeks to hammer it out.

GOP Leaders Agree On $20.6 Billion State Budget

Jul 22, 2013
North Carolina Legislature passes a tax reform bill.
W Edward Callis III

RALEIGH, N.C. - Leaders in the North Carolina House and Senate announced Sunday that they have reached agreement on a $20.6 billion budget that will end teacher tenure and allow taxpayer money to be spent for private school tuition.

Highlights of the budget negotiated by the Republican majority were issued in a news release. The actual appropriations bill was released to the public late Sunday night.

North Carolina Legislature passes a tax reform bill.
W Edward Callis III

Lawmakers in the state House and Senate are busy negotiating over a budget.

It's July 19th and state legislators know the clock is ticking. They're traditionally expected to come out with a budget for North Carolina by July first, when the new fiscal year starts.

North Carolina Legislature passes a tax reform bill.
W Edward Callis III

This week the General Assembly passed a tax reform bill that sets the stage for the state’s budget. The bill, while sweeping, wasn’t as broad as GOP lawmakers originally wanted. A budget agreement is expected to be reached today with details emerging over the weekend.

Students in a Guilford County classroom.
Guilford County Schools

Lawmakers in Raleigh may end tenure for public school teachers. That’s if a provision in the proposed Senate budget remains in the final budget under negotiation.

Tenure for public school teachers isn’t the same as tenure for college professors. For one, it’s much easier to fire public school teachers with tenure or, as it’s described in the education world, to “counsel them out of teaching.”

NC Legislative building
NC General Assembly

State lawmakers say they're nearing consensus on tax reform. Speaker of the House Thom Tillis says the House and the Senate are close to an agreement.

Potential tax code changes could change the level of funding state budget writers would be able to spend. But there's not much time left before the fiscal year ends for lawmakers to agree on a state budget plan.

Tillis says legislators plan to take that up very soon.

NC General Assembly, Senator Rucho
NC General Assembly

The co-chair of the Senate Finance Committee has resigned from that group to protest changes to his legislative body's tax reform plan.

Senator Bob Rucho submitted his resignation letter to Senate President Phil Berger earlier this week. Rucho was the main architect of a Senate tax reform proposal that would have expanded the sales tax while lowering personal and corporate income tax rates.

But Berger put forth an alternate plan that would repeal corporate taxes without expanding the sales tax base as extensively. Rucho says he was disappointed by the move.

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