WJTV News Channel 12 - RALEIGH: Gov. McCrory signs state budget

Gov. McCrory signs state budget

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Gov. McCrory signed the $21 billion state budget Thursday. Gov. McCrory signed the $21 billion state budget Thursday.
RALEIGH, N.C. - Gov. Pat McCrory officially signed the $21.25 billion state budget into law Thursday morning.

“We have fulfilled our promise” said McCrory in a press conference Thursday.

The $21.25 billion includes some money being set aside for Medicaid reserve in case of cost overruns.

McCrory said the budget provides no tax increases and very good pay increases for teachers in North Carolina.

The $21.25 billion budget gives an average 7 percent raise for teachers who are now among the lowest paid nationally, and preserves teacher assistant positions.

“We are rewarding them for the first time in many ways,” McCrory said during Thursday's news conference and bill signing.

The budget also maintains funding for the public university system and gives most state employees a $1,000 annual raise and five extra vacation days, legislative leaders said.

The 2014-15 budget includes a 1 percent cut in Medicaid provider reimbursement but eligibility will stay the same. The Senate had proposed eliminating Medicaid eligibility for more than 15,000 people.

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