Vote Smart's Synopsis:

Vote to pass a bill that amends the Appropriations Act of 2023 and budget allocations for fiscal year 2024 in North Carolina.

Highlights:

• Requires savings to be effected where the total amount of money for an aspect of the budget is not required to perform the service desired (Sec. 1).

• Establishes an Education Reserve within the general fund of North Carolina (Sec. 2).

• Specifies that the amount allocated to them from the state controller is 254 million dollars for the fiscal year 2024-2025 (Sec. 2).

• Prohibits transfers from being made into the Unfunded Liability Solvency Reserve for fiscal year 2024-2025 (Sec. 2).

• Requires receipts used to pay mandated legislative salary increases to be applied to the appropriate amount for the year (Sec. 3).

• Establishes a Statewide Reserve for Appropriations within the General Fund (Sec. 4).

• Specifies that the pay for teachers and other employees in the education sector will be based on the salary schedule and years of experience (Sec. 6).

• Amends definitions and descriptions of advanced teacher roles and outlines specific policies about salary and definitions of different roles within the education sector (Sec. 6)

• Appropriates funds to health, education, economy, veteran’s affairs, and other sectors in North Carolina for fiscal year 2024-2025 and makes adjustments to budgets of different programs (Sec. 11).

Full Bill Text