NC Republicans announce budget deal for next year

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RALEIGH, N.C. — Leaders at the North Carolina Legislature say they have a budget deal for the fiscal year that begins in about two weeks.

House and Senate Republicans were expected to provide details Wednesday found in an agreement announced Tuesday night in Raleigh. The two chambers will vote for the compromise measure later this week before it gets sent to Democratic Gov. Beverly Perdue.

The budget bill adjusts the second year of the two-year budget approved in 2011. Perdue vetoed that budget, but her veto was overridden. She can veto these adjustments too if she wishes.

Negotiators formally met for less than a week before the agreement was reached. The House and Senate had different views on spending for the public schools and Medicaid, among others.

Credit: The Associated Press.

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