Carolina Journal reports on a budget target announced Monday by legislative leaders. The plan would put spending within the combined growth of population and inflation. Teachers would see another pay raise.
Legislative leaders removed some of the guesswork for the legislative short session starting May 16 by announcing they agreed to a $23.917 billion spending plan for the 2018-19 state budget.
Senate leader Phil Berger, R-Rockingham, and House Speaker Tim Moore, R-Cleveland, held a teleconference with reporters Monday, May 7, to discuss a $356.7 million budget surplus this year. It is the state’s fourth consecutive revenue surplus. They said the robust revenue is due to Republicans’ pro-growth economic policies.
They said the proposed 2018-19 General Fund budget includes a projected $276.5 million surplus.
Wondering where North Carolina gets its money, and how it’s currently being spent? The John Locke Foundation’s Budget in Pictures explains it, and it’s in an easy-to-understand format.
