NC state budget approved on schedule for the first time since 2003

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July 3, 2010

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.[1]

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.”[2] The budget includes over $1 billion in cuts and includes no raises for state employees.

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