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Lawmakers ready to debate money-saving plan

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RALEIGH, NC (AP) -- Senate Republicans are demanding that Democratic Gov. Bev Perdue's administration turn in some money it uses to lure companies to build or expand in North Carolina so it can help close next year's budget.

The full Senate was expected Thursday to debate and vote on a bill that lays out a plan to find budget savings and extra cash to narrow a projected $3.7 billion budget gap starting this summer. The measure directs Perdue to find at least $400 million in budget savings but also would siphon money from more than 20 reserve and dedicated funds to capture another $142 million.

Commerce Secretary Keith Crisco told budget committee members Wednesday such a move would discourage companies from setting up shop in the state.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

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