by Sarah Curry
Director of Fiscal Policy Studies
This year, the North Carolina General Assembly drafted its two-year spending plan for the state. For fiscal year 2015-16, the General Fund budget will rise 3.1 percent to $21.7 billion, below the combined rates of population growth and inflation. The following year, the budget will have an overall increase of less than one-percent, but changes are expected during next year’s “short session” that will likely boost the overall amount spent on state government in FY 2016-17.