Research Report
State Budget Overview: Teacher compensation and Medicaid drive the 2014-15 budget
posted August 19, 2014 by Sarah Curry, Dr. Terry Stoops
For fiscal year 2014-15, North Carolina’s General Fund budget rose 2.2 percent to $21.1 billion. It funded an average teacher salary increase of 7 percent, one of the largest pay raises for North Carolina teachers in a generation, and created a Medicaid contingency fund of $186.4 million.