Requires, in new GS 143C-3-4.1, the Director of the Budget (i.e., the Governor) to collaborate annually with the legislative branch to create and update a long-term budget assessment and consensus revenue forecast covering at least the following five years to include at least the following items:  

1. A projection of spending required to maintain current services and programs in the context of changes to the cost of delivering services, including inflation and changes to the size of the population and the population served.
2. An analysis of the cost of program changes or policies to be enacted as well as those mandated by statute or the courts that may not have been included in the base year.
3. An analysis of the cost to the State for maintaining or increasing employee salaries and benefits to reflect current economic factors, including inflation and benefit cost increases.
4. A comparison of potential impacts on the State budget based upon fiscal  scenarios related to economic performance, changes to transfers from the federal government, or both.

Makes conforming changes to GS 143C-3-5 (Governor’s budget recommendations and budget message).