Budget Basics: Sustaining the present, preserving the future

•  General Fund spending totals $20.6 billion for fiscal year 2013-14, only a 2.5 percent increase from the previous year.
•  Medicaid accounts for the largest increase in spending, almost $1 billion over the two-year budget.
•  Tax reform saves taxpayers more than half-a-billion dollars over the two years and makes North Carolina more competitive relative to neighboring states.
•  Education reforms create new opportunity scholarships for low-income students and end teacher tenure.

Spotlight 442 Budget Basics: Sustaining the present, preserving the future