With one month to go before the end of the fiscal year, at the General Assembly lawmakers are hammering out how to budget more than $25 billion in the next state spending plan. Republican leaders in the House and Senate have already agreed to spend significantly less than budget priorities submitted by Gov. Roy Cooper in March.
Gov. Roy Cooper introduced a $55.9 billion budget proposal on Wednesday, March 24, that includes many of the goals he’s had since taking office. But this time he claims they’re needed due to the COVID pandemic.
Governor Roy Cooper released a recommended budget for FY 2021-2023 that will strengthen North Carolina to emerge from the COVID-19 pandemic and ignite recovery for all North Carolinians. The Governor’s plan recommends significant investments in schools and increased pay for teachers, action to strengthen health care access, and expanded economic opportunities and infrastructure investments.
The state budget may be spared economists’ worst fears from the COVID pandemic, according to a new tax revenue forecast.
