RALEIGH, North Carolina (AP) — Republican legislative leaders in North Carolina on Tuesday unveiled state budget adjustments for the coming year, proposing to spend or set aside billions in additional tax revenue expected to raise workers’ wages, recruit businesses, build more infrastructure and fight inflation.
The legislation, which will be voted on later this week before heading to Democratic Gov. Roy Cooper’s office, spends $27.9 billion in the second year of a two-year budget that already passed in November last. The changes reflect expectations that state coffers will receive $6.2 billion more than projected earlier in the current fiscal year and the new year, which begins Friday.
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