Lawmakers Release Responsible Spending Plan for Fiscal Year 2022–23

Spends $27.9 billion for fiscal year 2022–23, a 7.2% increase

Transfers $1 billion to new inflationary reserve in preparation for recession

Raleigh, N.C. — Today legislative leaders released the “2022 Appropriations Act,” a budget revision plan that continues over a decade of responsible state spending.

Senate Leader Phil Berger (R-Rockingham) and House Speaker Tim Moore (R-Cleveland) issued the following statement on the budget:

“This is a responsible budget that responds to our current needs and plans for an uncertain economic future. This budget takes into account the strain of runaway spending from our federal government that is stretching North Carolinians’ budgets thin, and the burden of skyrocketing fuel prices and inflation. It’s imperative that we stay on track and continue the good work we’ve done in North Carolina to strengthen our economy, meet the needs of our citizens, and secure a bright future for our state.”

Below are details about noteworthy provisions of the “2022 Appropriations Act”:

Topline

  • Net appropriation for FY 2022–23 is $27.9 billion, which is a 7.2% increase from FY 2021–22.

Salaries

  • Establishes a labor market salary reserve of $80 million for state agencies to address staff shortages and help recruit and retain capable employees.

Education

  • Funds an additional $1 billion over the FY 2021–22 amount for a total of $16.5 billion.

School Safety

  • Provides an additional recurring $15 million for the School Resource Officer Grant program, specifically for elementary and middle schools.

Capital/Infrastructure

  • Provides $883 million for water and wastewater infrastructure projects, bringing the total amount available for water and wastewater infrastructure for the biennium to $2.5 billion.

Other Items

  • Redirects 2% of sales tax revenue — approximately $193.1 million — to the Highway Fund to support a variety of transportation purposes, increasing to 6% in 2024–25 and thereafter. This is the first step to address declining transportation revenues to keep up with population growth.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Senator Berger Press Shop

Press releases from N.C. Senate Republicans and Senate Leader Phil Berger