State Budget Clears Senate With Overwhelming Bipartisan Support

  • Transfers $1 billion into a new Stabilization and Inflation Reserve.
  • Includes $250 million for a reserve to help defray cost overruns for state capital projects due to inflation.
  • Provides $833 million for water and wastewater infrastructure projects, bringing the total for the biennium to $2.5 billion.
  • Brings education funding to a total of $16.5 billion, an additional $1 billion over the fiscal year 2021–22 amount.
  • Increases the base starting salary for entry-level teachers.
  • Increases pay raises for teachers to an average of 4.2%.
  • Expands the income eligibility for the Opportunity Scholarship Program.
  • Redirects 2% of sales tax revenue — approximately $193.1 million — to the Highway Fund, increasing to 6% in 2024–25 and thereafter.

--

--

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

Senator Berger Press Shop

210 Followers

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