NC House budget plan spends $1B more next year; $60M for film grant

Associated Press

RALEIGH, NC (AP) – The North Carolina House wants to spend $1 billion more to run state government next year compared with the current year.

House Republicans released a draft two-year spending plan Monday that they want to pass this week. They would spend about $22 billion in the year starting July 1, compared with $21 billion in approved expenditures this year.

Budget-writers propose 2 percent raises for nearly all state employees and retirees, along with $60 million for film production grants and $40 million for a venture capital investment fund.

Minimum salaries for teachers would rise from $33,000 to $35,000. There’s money for state port improvements. And $400 million are set aside for rainy-day and building repair reserves.

The proposal must go through three committees, starting with the finance panel later Monday.

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Categories: Associated Press, NC, News

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