Policy Documents

Budget Basics: Sustaining the Present, Preserving the Future

August 26, 2013

This spotlight from JLF, contends that the budget for North Carolina's General Fund spending totals $20.6 billion for fiscal year 2013-14, is only a 2.5 percent increase from the previous year. Medicaid accounts for the largest increase in spending, almost $1 billion over the two-year budget. Tax reform saves taxpayers more than half-a-billion dollars over the two years and makes North Carolina more competitive relative to neighboring states. Education reforms create new opportunity scholarships for low-income students and end teacher tenure.