Amends GS 143C-4-6 to lower the cap on the General Fund operating budget each fiscal year from 7% to 6% of the projected total State personal income for that fiscal year. Adds new GS 143C-4-6(a1) to provide that funds in excess of the budget size limitation may be expended upon a two-thirds vote of the members of the Senate and House present and voting. Effective July 1, 2025, and applicable to budgets adopted on or after that date.
FURTHER LIMIT GENERAL FUND OPERATING BUDGET.
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| View NCGA Bill Details(link is external) | 2025-2026 Session |
AN ACT TO REDUCE THE INCREASE IN THE STATE GENERAL FUND OPERATING BUDGET BY REDUCING THE STATUTORY CAP ON THE OPERATING BUDGET AS A PERCENTAGE OF TOTAL STATE PERSONAL INCOME TO SIX PERCENT.Intro. by Riddell, Schietzelt, Pickett, Brody.
Status: Ref to the Com on Appropriations, if favorable, Rules, Calendar, and Operations of the House (House action) (Apr 14 2025)
Bill History:
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Thu, 10 Apr 2025 House: Filed(link is external)
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Mon, 14 Apr 2025 House: Passed 1st Reading(link is external)
H 996
Bill Summaries:
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Bill H 996 (2025-2026)Summary date: Apr 11 2025 - View Summary
View: All Summaries for Bill