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Investing in North Carolina Act

IntroducedSenate
Lisa GrafsteinDemocrat

Ref To Com On Rules and Operations of the Senate2025-03-26

No floor votes recorded.

This bill appropriates funds to raise salaries for teachers, state employees, community college and university workers, and provides cost-of-living increases for retirees. It also expands the WAGE$ early childhood educator supplement program to all 100 North Carolina counties and creates a tax credit for small businesses with annual receipts of $8 million or less.

  • Supporters argue this bill addresses critical workforce shortages and retention challenges in education and state services by making these jobs more competitive with better pay.
  • They contend that higher wages for teachers and early childhood educators will improve educational quality and child development outcomes.
  • Additionally, the small business tax credit helps employers offset increased labor costs, supporting economic growth and job retention across the state.
  • Opponents raise concerns about the significant state spending required—over $1.6 billion in appropriations across the biennium—questioning whether the state budget can sustain these recurring expenditures long-term.
  • Some worry the broad tax credit may benefit businesses that would have paid workers anyway, reducing its effectiveness.
  • Others question whether these salary increases are sufficient to truly address workforce shortages or if targeted investments in specific critical fields would be more efficient.

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