RALEIGH, N.C. — On Thursday, the North Carolina General Assembly ratified the 2023 State Budget (HB 259), which passed 29-19 in the Senate and 69-40 in the House.
This spending plan cuts taxes by $1.2 billion for North Carolina families and businesses over the next two years and accelerates the scheduled personal income tax cuts, dropping the rate to 4.5% in 2024 and down to 2.49% if certain revenue triggers are met.
Appropriations include a 7% pay raise for most state employees, including teachers, across the biennium. It also includes a 4% non-recurring payment from the general fund to supplement what retirees receive from the retirement system.
State Senator Michael Lazzara (R-Onslow) announced several local initiatives that are set to receive funding in this latest round of state appropriations.
“Our fiscally conservative state budget provides a measured approach to fighting inflation while making critical investments in education, economic development, and infrastructure,” said Lazzara, “This spending plan continues on our successful formula of low taxes, responsible spending, and reasonable regulations.”
Projects receiving funding from the state budget include:
· $20,000,000 to Onslow County for Land Fill Expansion
· $20,000,000 to the Town of Surf City for water & sewer infrastructure
· $2,000,000 to the City of Jacksonville for a New Fire Ladder Truck
· $1,200,000 to Onslow Memorial Hospital for the Crisis Program
· $3,500,000 to One Place for the Child Advocacy Center
· $5,000,000 to New River YMCA for the Aquatic Partnership
· $100,000 to the Town of Holly Ridge for public programming
· $4,000,000 to the Museum of the Marine for public programming
· $20,000,000 to Coastal Carolina Community College for a new facility
· $3,000,000 to the Town of Swansboro for an emergency operations center
· $650,000 for the Family Court of Onslow County
· $100,000 to Boys and Girls Club for public support
· $200,000 to the Town of Swansboro for a Veterans Memorial
· $5,000,000 to the Onslow Water and Sewer Authority for capital improvements
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