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Teases of state House budget proposal increasing
- Democratic Governor Josh Stein released a $67.9 billion budget proposal on March 19, while the Republican-controlled Senate passed a $65.9 billion act on April 17 in the same state.
- The proposal and the act reflect differing approaches in a state with a Republican House majority of 71-49 and a Senate also controlled by Republicans.
- The previous budget was $60.7 billion over two years, and the current proposals address pension plan funding, tax relief, and state health plan deficits amid a population of 11 million.
- State Treasurer Brad Briner highlighted that Stein's failure to fully fund the pension plan could create a $206 million shortfall, while House Speaker Destin Hall noted the budget will include two tax relief measures including exempting the first $5,000 of tips.
- The budget discussions highlight difficulties in addressing a $507 million shortfall in the State Health Plan for 2026, while also acknowledging the positive impact of allocating funds toward wage adjustments and inflation-related bonuses to help maintain a skilled workforce.
12 Articles
12 Articles
Watauga Democrat
Teases of state House budget proposal increasing
(The Center Square) – Even if not like last week’s massive NFL empire schedule news, the release of the state two-year spending plan by North Carolina’s House of Representatives on Tuesday is attracting attention in its respective circles.
North Carolina House unveils budget plan
RALEIGH — The North Carolina House has released its proposed state budget for the 2025-27 biennium totaling more than $65.91 billion, roughly the same overall total as the Senate's budget. “It's a budget that we're proud of and invests in working families in North Carolina,” House Speaker Destin
North Carolina House gears up for budget talks, final version due to Gov. Stein by June
Weeks after the North Carolina Senate passed its plan for the state budget, the House will begin negotiations of its own. Despite the upper chamber’s bill awaiting action, the House GOP leaders will likely begin their own plan from scratch. Publicly available details of what the House plan will include are scant. The two chambers have only agreed to the top-line spending amount — everything else is negotiable. And before a final version heads to…
North Carolina House, Senate Disagree on Sports Betting Tax Rate
The North Carolina House of Representatives yesterday introduced its fiscal year budget The House is advocating for the state sports betting tax rate to remain at 18% The North Carolina Senate introduced a budget that included a 36% sports betting tax rate in its budget North Carolina lawmakers seem to disagree on the state’s sports betting tax rate. The North Carolina House of Representatives yesterday introduced their version of the state’s $6…
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