Money Muddle Nears Clarity And Comparison
Feb 18, 1:00 AM
Governor Bev Perdue unveiled a budget proposal Thursday that would cleave $3.2 billion from state spending over the next two years, slashing 10,000 state jobs but protecting education funding. The plan, which aims to close an estimated $2.7 billion budget deficit by reorganizing state government and cutting funding to state agencies, would also lower the corporate tax rate from 6.9 percent to 4.9 percent, making it the third lowest in the country and the lowest in the Southeast. Although the cuts would affect most government services, the governor drew a line in the sand with regards to education. The $19.9 billion proposal would preserve all state-funded teacher and teacher assistant positions.