State Senate Gives Initial OK To Moneysaving Plan

The North Carolina Senate has given tentative approval to a Republican bill to target several hundred million dollars from spending cuts and reserve funds to help close next year's budget gap.

The measure was approved Thursday in a 30-18 party-line vote. Lawmakers rejected an attempt to exempt $75 million in three economic development initiatives from the list of funds to be tapped.

The money would be carried over to help close next year's projected $3.7 billion shortfall.

Democratic Gov. Beverly Perdue has said the bill would put North Carolina at a disadvantage in recruiting new companies and jobs.

A final Senate vote is expected Monday before it goes to the House.

(Copyright 2011 by The Associated Press. All Rights Reserved.)


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  • by Tim Location: Kitty Hawk on Feb 3, 2011 at 01:56 PM
    The best way to bring businesses and jobs to this state is to lower the tax rate. Just the gas tax in this state slows commerce. Instead of giving incentives to a few companies to move here, why not give the ones already here a break? They might be amazed how many businesses want to move here if the overall picture were better for ALL businesses.
  • by Robert on Feb 3, 2011 at 01:19 PM
    Maybe ole Bev will be reaping the fruits of her labors when she gave her old democratic friend Bob Etheridge his $98,500 a year cush job.....
  • by Close the Budget Gap Location: Greenville on Feb 3, 2011 at 11:26 AM
    Since when does Gov. Perdue think that tax dollars paid from NC citizens are available to lure out-of-state businesses with incentives? This is ludicrous. NC taxes should be restricted to benefiting NC citizens. Period.
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