The Senate’s $21.47 billion budget, which represents a 2 percent increase over last year’s, comes in at about $700 million less than the House proposal passed last month, according to Matt Caulder at NC Capitol Connection.
The House put forth a $22.2 billion budget package that would represent about a 5 percent increase over the current fiscal year.
Nevertheless, the Senate plan includes increased starting salaries for teachers, targeted raises for state employees and tax cuts for citizens and corporations. Its spending plan is overall closer to Gov. Pat McCrory’s budget.
These differences seem likely to set up intense negotiations between the two chambers as the end of the fiscal year looms.