Bill > S868

This bill: This bill modifies the current operations appropriations act of 2023 and makes other changes to the state budget operations. The key provisions include: - Appropriates funds for current operations of state agencies, departments, and institutions for the 2024-2025 fiscal year, including major allocations for education, health and human services, agriculture/natural resources, justice and public safety, and general government. - Adjusts the general fund availability and revenue estimates for the 2024-2025 fiscal year, including an increase to the Opportunity Scholarship Grant Fund Reserve. - Authorizes capital improvement projects to be funded from the State Capital and Infrastructure Fund and makes other provisions related to the state's capital budget. - Enhances unemployment insurance benefits, including increasing the minimum weekly benefit amount and maximum weekly benefit amount. - Provides a one-time cost-of-living supplement payment to retirees of the teachers' and state employees' retirement system, the consolidated judicial retirement system, and the legislative retirement system. - Reduces the personal income tax rate for higher income filers and reenacts the child & dependent care tax credit and conservation tax credit. - Makes various other adjustments to state agency budgets, revenues, and policies.

Budget and Finance

https://www.ncleg.gov/BillLookUp/2023/S868