From Carolina Journal Radio Program No. 731: The N.C. Senate has approved its $22.9 billion General Fund budget. It features a tax cut that would total nearly $1 billion over two years. It also limits the state government spending increase to roughly half the level recommended in the governor’s budget, while setting aside more money for reserves and increasing funding for high-priority items. Becki Gray, John Locke Foundation senior vice president, analyzes the Senate’s proposals and looks ahead to the development of a state House budget.
Senate budget plans features tax cut, also boosts savings and limits spending growth
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