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S915Change ✕
2026 Governor's Budget
IntroducedSenate
Primary Sponsor
Michael LeeRepublicanLast Action
Re-ref Com On Appropriations/Base Budget2026-04-30
Vote Breakdown
No floor votes recorded.
Plain Language Summary
This is North Carolina's budget bill for the 2026-2027 fiscal year. It appropriates approximately $35.4 billion in General Fund spending for state operations, includes tax policy changes, sets employee salaries and compensation, funds K-12 and higher education, and authorizes capital improvement projects. The bill also modifies existing tax rates and creates new tax credits.
Arguments in Favor
- •Supporters argue this budget directs resources toward education funding improvements, including teacher salary increases, literacy programs, and school resource officers.
- •It provides funding for disaster recovery and community health initiatives, establishes new tax credits for working families and education expenses, and includes strategic workforce development investments through community colleges.
- •The budget also maintains accountability measures and creates new programs aimed at improving student outcomes.
Arguments Against
- •Critics may contend the budget relies on negative reserves (special funding mechanisms requiring asset sales and procurement savings) to balance spending, which raises questions about sustainability.
- •Some object to specific tax policy changes or their impact on different income groups.
- •Others may question whether education funding increases adequately address all school needs, or debate the priorities reflected in capital project allocations and agency spending levels.
- •The bill's complexity and length (161 pages) also makes comprehensive fiscal impact analysis challenging.
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