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N.C. Senate gives final approval to budget
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Published: July 8, 2008
RALEIGH
The N.C. Senate has sent the final budget bill for state government one step closer to Gov. Mike Easley's desk.
The Senate gave final approval today by a vote of 32-14 to the $21.4 billion spending plan for the new fiscal year. The House is expected to cast its final vote this afternoon.
Both chambers gave tentative approval to the plan Monday night.
Easley can sign the bill into law, veto it or allow it to become law without his signature.
The budget raises overall spending by $700 million compared to a year ago. Democratic leaders argue it's a small increase compared to the overall budget.
Some Republicans complain that $857 million in borrowing authorized in the plan will lead to future tax increases.
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Reader Comments
Posted by ( Piks ) on July 8, 2008 at 3:49 p.m. ( Suggest removal )
I thought that the state budget, by law, had to be balanced. $857 million of borrowing is not balanced. I am obviously wrong; sadly.
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