The North Carolina Senate approved $21.2 billion in appropriations for operating expenses in fiscal year (FY) 2009, which would be a 3.9 percent increase from FY 2008, which ends June 30. Senators would add $135 million in capital spending and $672 million in debt that would not face voter approval. Total appropriations would be 3.4 percent higher than in FY 2008.
by Joseph Coletti
Senior Fellow, Fiscal Studies, John Locke Foundation