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.
Bill Summaries: H996 FURTHER LIMIT GENERAL FUND OPERATING BUDGET.
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Bill H 996 (2025-2026)Summary date: Apr 11 2025 - View Summary