Amends GS 143C-5-3, now titled Accountability and transparency in budgeting (previously, Availability statement required) to require the Current Operations Appropriations Act to contain five new areas of specified information, with the ends of ensuring accountability and transparency in budgeting, including amounts of funds required to be reserved to various fund reserves and a fiscal analysis which addresses the state's budget outlook for the upcoming five-year period. Effective July 1, 2015.

Reenacts GS 143C-1-1(d)(7a) concerning the key term continuation budget in the State Budget Act. Also provides that the definition now includes enrollment adjustments for universities and community colleges. Repeals GS 143C-1-1(d)(1c), the definition of base budget for use in the State Budget Act. Amends GS 143C-3-5(b), concerning the development of the Governor's Recommended Budget, replacing any reference to a "base budget" or "base budgeting" with "continuation budget" or "continuation budgeting." Also amends GS 116-30.3B(b), 116-30.7, and 121-6(c), making conforming changes, namely replacing references to "base budget" with "continuation budget." Effective July 1, 2015, applying beginning with the recommended state budget for the 2017-19 fiscal biennium.