@NCCapitol

@NCCapitol

Wednesday Wrap: Budget winners & losers

Posted May 10

— The Senate's $22.9 billion budget proposal offers raises to most teachers and tax cuts to most businesses and families statewide, but not everyone comes out ahead in the deal.

Teachers with 25 years or more experience in the classroom would be shut out of the raises included in the budget, and the spending plan also targets specific jobs and programs in state agencies for elimination. Retirees once again would get no cost-of-living adjustment.

Meanwhile, House Finance Committee chairmen held a news conference to bash Gov. Roy Cooper's opposition to more corporate tax cuts while he praises companies for moving operations to North Carolina. But the House lawmakers stopped short of endorsing the Senate's plan to cut corporate tax rates from 3 percent to 2.5 percent over the next two years.

The House also voted without debate to override Cooper's veto of legislation that caps the damages people who live near hog farms and other agricultural or forestry operations for nuisance conditions.

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