The Carolina Journal is reporting that leaders in the North Carolina House and Senate announced an agreement on a budget amount yesterday for the 2023-2024 fiscal year. The increase for the biennium will be 10.5% — 6.5% the first year and 3.75% the second year — according to a statement put out by House Speaker Tim Moore’s office. The 2022-2023 fiscal year budget clocked in at $27.9 billion, meaning the increase will amount to around $2.8 billion. Photo credit: The Carolina Journal
N.C. Speaker Tim Moore, R-Cleveland, and Senate Leader Phil Berger, R-Rockingham, at a press conference at the Legislative Building in Raleigh, Nov. 9, 2022 (The Carolina Journal)