• 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
