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North Carolina budget plan advances as Senate Republicans double down on tax cuts

North Carolina budget plan advances as Senate Republicans double down on tax cuts

RALEIGH, N.C. (AP) — North Carolina Senate Republicans have advanced a two-year budget for the ninth-largest state. The proposal that received initial Senate approval on Wednesday spends less than what the new Democratic governor requested and doubles down on already enacted income tax cuts. Gov. Josh Stein’s budget pitch sought to spend roughly $1 billion more each year than what the Senate decided in part by halting broad tax rate cuts. But GOP senators are content with their spending, taxes and cost-cutting. The Senate bill locates another $1.3 billion for Hurricane Helene aid and seeks to eliminate hundreds of vacant state positions. The House will soon pass a competing measure.… Continue Reading

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