Budget Basics: Sustaining the present, preserving the future | Eastern North Carolina Now

    Publisher's note: The informative post, by Sarah Curry, originally appeared in the John Locke Foundation's online edition.

    • General Fund spending totals $20.6 billion for fiscal year 2013-14, 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.

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