The General Assembly will soon put together their FY2012-13 continuation budget, in which lawmakers make changes to the second year of the biennial state budget that was passed in the spring of 2011. Any changes to the state budget are based on the availability of revenue (whether there is more or less than expected) and other policy considerations. Since the current-law state budget functions as the starting point for legislators, the N.C. Budget and Tax Center compiled the following facts about budget decisions made last spring that lawmakers could choose to reconsider.
|The NCGA chose to make these
budget cuts in FY2012-13 …
|… but instead of making cuts,
|Tuition and Financial Aid|
|Health & Human Services|
|Justice & Public Safety|
|Total Cuts: $1.13 billion||Total Revenue: $1.06 billion|
—Text and chart: Brenna Burch, Public Policy Analyst, NC Budget and Tax Center
Spending cuts are based on NC Budget & Tax Center calculations and data in the FY2011-2013 Final Budget (http://www.ncleg.net/fiscalresearch/). Revenue options are based on NC Budget & Tax Center calculations, data provided by the Institute on Taxation and Economic Policy (ITEP), and the NC Department of Revenue’s Biennial Tax Expenditure Report, 2009 (http://www.dornc.com/publications/nc_tax_expenditure_report_09.pdf).