RALEIGH, N.C. (AP) — The Senate’s version of the North Carolina budget spends less on operating government than the House proposal does, in part by putting aside more money for potential fiscal emergencies.
Senate Republicans rolled out Monday details of a plan that they say will spend $21.5 billion next year. That’s almost $700 million less than what the House agreed to spend to operate government. The full Senate is likely to approve its plan by the end of the week.
The Senate and House want to get a final two-year budget to Gov. Pat McCrory when the next fiscal year begins July 1.
Senators set aside $800 million for two government reserve funds instead of spending it. They also raised teacher pay on average by 4 percent, including larger raises for early-career teachers.