NC state budget approved on schedule for the first time since 2003
RALEIGH, North Carolina: On June 30 the North Carolina General Assembly approved the FY 2010-11 and Gov. Beverly Perdue quickly signed it into law. This marks the first time in seven years that the budget was approved on time - albeit barely. The new fiscal year began on July 1. Votes were mostly along party lines, with the House voting 66-50, and the Senate 28-15.
Upon signing the bill, Gov. Perdue stated, “I signed a budget today that does more with less, but still keeps North Carolina moving forward toward a full economic recovery. This year was tough, but next year will be tougher. This budget puts our state on firm ground as we head towards the challenges of next year.” The budget includes over $1 billion in cuts and includes no raises for state employees.
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