A 19 billion dollar budget now sits on Governor Perdue's desk after the North Carolina General Assembly gave the state budget the final ok late Wednesday afternoon. And it will mean more taxes for you.
Wednesday's final approval went straight down party lines with Democrats for and Republicans against. The budget is roughly $4.5 billion short of last years. State Representative Van Braxton from eastern Carolina says, "This was an extremely tough budget. I do not like it, nor do most of my colleagues, but it is the best we can do with the choices we have."
Some residents we talked with in Greenville, like Chad Smith, don't approve of the budget. "Well, I'm not happy about it. Of course, more money, you always want to have more money to save and such forth and don't want to sort of, fork it over just, sort of, crazy increases."
The budget increases taxes on alcohol and tobacco products. People will see a one-cent bump in sales tax at the cash register, and a hike in income and corporate taxes. 725 state jobs will be lost and eduction funding will be cut 10 percent--forcing school districts to scramble with the start of school just days away.
Denise Walsh says, "It's always a concern when you have taxes increase, but you hope that the dollars asked of the citizens will be spent appropriately."