Sunday, June 27, 2010

NCGA: Budget Negotiators Say They Are Done

Mark Binker, reporter with Greensboro News and Record, is reporting that budget writers have finished their work. Here are some highlights from his blog post on how they were able to close the $500 million deficit:
  • 1 percent across the board cut worth $177 million that would go into effect Jan. 1.
  • withholding $130 million in contributions to the state employee retirement fund.
  • taking money out of reserves.
  •  Read the blog post here.

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