Teachers would get a pay raise of up to 5 percent, and most other state employees would get a 2 percent raise under the House budget plan released Monday night – a proposal more generous than Gov. Pat McCrory’s original budget.
House Republican leaders also included a tax cut proposed by Senate leaders. The standard deduction for personal income taxes would increase by up to $2,000. The standard deduction is the base amount of income that isn’t taxed unless a taxpayer chooses itemized deductions.
But unlike the Senate proposal, the House would phase in the tax cut more slowly – raising the standard deduction gradually over a period of four years starting in 2017. That would bring the standard deduction for a married couple filing jointly from $15,500 this year to $17,500 in 2020.
In addition to 2 percent raises, state employees would get a $500 one-time bonus that wouldn’t count toward their retirement. State retirees would get a 1.6 percent cost-of-living increase – a boost that wasn’t included in the governor’s spending plan.
McCrory’s budget would give state employees a one-time bonus averaging 3 percent. He did not include an across-the-board raise for state employees but instead called for targeted raises for hard-to-fill jobs.
Teachers would get more than other state employees under the House plan. The teacher raise would average 4.1 percent and bring the average teacher salary to $50,000 over the next two years – a goal McCrory stressed in his proposal.
Teachers with less than five years of experience wouldn’t get a raise this year, and teachers with 25 years or more would get 2 percent – the smallest raises. Teachers in both those categories would instead receive a $1,000 bonus that would count toward their retirement.
“The North Carolina House has presented a sound, conservative budget that funds our priorities and sets the stage for continued growth and success for North Carolina,” Speaker Tim Moore said in a news release.
Overall, the House budget would spend $22.225 billion – a target that Senate leaders have already agreed to and one that represents a 2.3 percent increase over the current fiscal year.
“This is a responsible budget that funds critical needs, plans for the future, and moves our state forward,” House budget writer Nelson Dollar said in a news release.
Our editors found this article on this site using Google and regenerated it for our readers.
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