NC budget bill deal reached

                   
charlotte.com     04-Jul-2008            

RALEIGH, N.C. -- Democratic leaders at the Legislature wrapped up work on a $21.3 billion budget plan Thursday for the new fiscal year that delayed two tax breaks in order to please Gov. Mike Easley, who was worried about losing revenue in a slowing economy. Save for tinkering with some technical language, House Speaker Joe Hackney and Senate leader Marc Basnight said a deal had been reached after two weeks of negotiations. The first of two required votes in each chamber could occur as early as Monday night. "We made some tough decisions that had to be made," Basnight, D-Dare, told reporters. Easley complained last week that the budget needed an additional $45 million in savings for the new year because tax collections were off by an estimated $70 million in May and June. So the chambers agreed to put off until 2010 the... [read full story]                    

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Senate officials: Pa. budget deficit a possibility

poconorecord.com     03-Jul-2008          

HARRISBURG (AP) — Even as the Legislature prepares to vote on a $28.2 billion budget that draws heavily on one-time dollars, Senate officials say a $1 billion deficit could pile up in the next 12 months and force additional...                    

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Deficit in view as Pa. lawmakers consider budget (AP)

yahoo.com     03-Jul-2008          

Even as the Legislature prepares to vote on a $28.2 billion budget that draws heavily on one-time dollars, Senate officials say a $1 billion deficit could pile up in the next 12 months and force additional cuts or tax increases.                    

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Legislature: NC budget bill deal reached

charlotte.com     03-Jul-2008          

North Carolina legislators have reached an agreement on a $21 billion state budget, which will be voted on next week.A top House negotiator and a spokeswoman for Senate leader Marc Basnight said Thursday that everything has...                    

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Mass. House, Senate agree on final budget proposal

whdh.com     03-Jul-2008          

BOSTON -- State lawmakers have approved a budget plan that depends heavily on new tax revenues and spending from the state's reserve fund. The $28.2 billion budget was passed Thursday, two days after the start of the new fiscal...                    

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New budget may mean deficit, higher taxes

cfpolicyblog.blogspot.com     03-Jul-2008          

Marc Levy of the AP reports that the new $28.2 budget agreement may, according to Senate officials (both Republicans and Democrats), result in a budget deficit of $1 billion - or even up to $2 billion - over the next twelve...                    

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Legislature: N.C. budget bill deal reached

wrallocaltechwire.com     03-Jul-2008          

Posted: 29 minutes ago Updated: 20 minutes ago RALEIGH, N.C. — North Carolina legislators have reached an agreement on a $21 billion state budget, which will be voted on next week. A top House negotiator and a spokeswoman for...                    

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Legislators reach budget deal

newsobserver.com     03-Jul-2008          

House Speaker Joe Hackney (L) and Senate leader Marc Basnight Legislators reach budget deal By Dan Kane, Staff WriterComment on this story House officials say they have reached an agreement with Senate leaders on a $21 billion...                    

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House, Senate approve budget

metrowestdailynews.com     04-Jul-2008          

The House and Senate yesterday approved a $28.2 billion state budget that significantly taps into the state's rainy day fund and boosts scores of budget accounts that lawmakers describe as critical priorities. In a statement,...                    

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Budget bill deal reached

reflector.com     04-Jul-2008          

RALEIGH — East Carolina University secured $107.3 million for medical school projects in a $21.3 billion budget plan agreed upon Thursday by Democratic leaders in the General Assembly. Save for tinkering with some technical...                    

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State budget speeding to vote

post-gazette.com     04-Jul-2008          

Lawmakers get 1st look at details By Tracie Mauriello, Post-Gazette Harrisburg Bureau HARRISBURG -- Gov. Ed Rendell and lawmakers involved in the negotiations had been unwilling to provide details to reporters about the $28.2...                    

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