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RALEIGH — The most likely outcome of tax reform negotiations in the North Carolina General Assembly is a plan that would lead to average annual state revenue growth of 3.2…

RALEIGH — North Carolina taxpayers struggling with a sluggish economy would not have to worry about new taxes or fees under the 2012-13 state budget plan moving through the N.C.

The General Assembly's no-tax-hike budget sets North Carolina state government on a more sustainable course than the one Gov. Beverly Perdue and her allies supported. It avoids an $850 million tax increase Gov. Bev Perdue sought, which means $200 less in taxes per household. General Fund spending totals $19.5 billion, two percent less than Gov. Perdue's original, $19.9 billion proposal.

RALEIGH — The General Assembly’s no-tax-hike budget sets North Carolina state government on a more sustainable course than the one Gov. Beverly Perdue and her allies supported. The John Locke…

This press release has been revised based on updated data. RALEIGH — Expiration of North Carolina’s temporary 1-cent sales tax and income tax surcharges, a cut in the corporate tax…

RALEIGH — State budget negotiators can scrap proposed tax and fee increases while still avoiding the most drastic budget cuts they’ve threatened to make during the past few weeks. The…

The original House budget proposal for fiscal year (FY) 2009-10 used $1.5 billion in Federal bailout funds to craft a budget that spent $19.3 billion. Although it is nearly $3 billion less than the original $22 billion request, the original House plan would have been just $1 billion less than actual appropriations in FY2008-09.

The North Carolina House passed a $21.35 billion budget for fiscal year (FY) 2009, with $21.18 billion for continuing operations, which would be increases of 3.3 percent and 3.7 percent, respectively, from FY2008. Teachers would receive an average 3.0 percent pay increase and state employees 2.75 percent. Those raises would total $367 million.

RALEIGH – The N.C. House’s proposed $21.2 billion state operations budget spends too much money on unproven ideas, overspends one-time money for long-term expenses, and sets up future legislatures for…

House members approved a $20.3 billion budget for fiscal year (FY) 2007-08, up 7.6 percent from FY 2006-07; 1.5 times the 5.1 percent combined rate of inflation and population growth. Proposed spending is $1.4 billion ($158 per person or $632 for a family of four) higher than in FY 2006-07. Nearly all of the increase is in K-12 education, even though dropout rates have been increasing.