Will Doran

1 week ago | wcnc.com | Will Doran

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1 week ago | wral.com | Will Doran

In a plan that echoes efforts to cut federal government spending under President Donald Trump, a new state budget plan released Monday night would also pay for new tax cuts by slashing a variety of government services and jobs in the North Carolina government. The new Senate budget presses forward with an already-approved plan for the state’s income tax rate to drop from 4.25% to 3.99%, which state budget officials say will cost over $1 billion in lost revenue.

1 week ago | wral.com | Jack Hagel |Will Doran

A plan to build North Carolina’s first standalone children’s hospital — an enterprise that stands to create thousands of jobs in the Triangle and improve pediatric health statewide — would get a massive funding boost under a new state budget proposal. Republican Senate leaders, who released a spending plan late Monday, proposed investing another $638.5 million in the planned 500-bed pediatric hospital, a partnership between UNC Health and Duke Health.

1 week ago | wral.com | Will Doran

NCInnovation, the public-private partnership tasked with turning research from local universities into job-creating commercial ventures, is facing a shakeup in the proposed state budget unveiled Monday by the North Carolina Senate. The group was created in 2020 but was funded entirely by the private sector until 2023, when lawmakers agreed to give it $500 million to help fund its grants.

1 week ago | wral.com | Will Doran

North Carolina lawmakers took the first public step toward a new state budget Monday, when state Senate leaders announced some of their top spending priorities. The state’s economy and population have been growing, as have government revenues. Some of that new money would go toward modest raises for teachers and other state workers, Republican senators are proposing.