Governor Beverly Perdue signed Senate Bill 897 into law on June 30, 2010, to establish the state’s
$18.9 billion budget for the 2010-2011 fiscal year that reflects efforts to balance an $800 million
revenue shortfall and to establish a contingency funding plan if Congress fails to provide $519 million in
additional Medicaid funds to North Carolina during this fiscal year.
The budget provides $10,807,660,079 for the state’s public schools, universities and community
colleges. State spending for public schools is set at $7,030,929,981, which reflects a 4.48 percent
decrease in state funding from the 2010-11 budget that lawmakers approved for K-12 education last
summer as part of the 2009 Appropriations Act. However, when additional state lottery funding, federal
funds the state has received to offset a $30 million cut to More at Four, and some other fund transfers
are factored in, the revised public school budget is $7,143,169,888, which is only 2.96 percent less than
the certified budget that lawmakers used as the starting point for their deliberations. |
