Republicans propose $800 million in savingsPosted: February 2, 2011
Raleigh – North Carolina Senate Republicans are calling for more cost-saving measures for the current fiscal year to help close a projected $3.7 billion budget gap and help the private-sector create jobs.
This week, they initiated important steps to achieve these goals by introducing the Balanced Budget Act of 2011 (SB 13) which would give Gov. Bev Perdue additional authority to reduce spending for the remainder of the current fiscal year. This bill passed out of the Appropriations Committee today.
In addition to $400 million the governor’s office agreed to cut, senators have added an extra $400 million in budget reductions and savings (see attachment). None of the measures threaten classroom teachers or rank-and-file state workers, although the proposal eliminates certain vacant state positions.
“We are actively tackling next year’s budget shortfall through savings and reductions in the current fiscal year,” said Senate President Pro Tempore Phil Berger (R-Rockingham.) “These cuts represent immediate steps to help close the gap between spending and revenue. While everything remains on the table, it is our belief these measures will minimize negative impacts to our classroom teachers and state employees.”