Stein signs $34B North Carolina budget with pay raises, lower taxes

Governor Stein has signed a $34 billion budget for North Carolina, marking the end of a lengthy negotiation process that lasted over a year. The budget includes pay raises for state employees and teachers, along with a reduction in income tax rates. This move is significant as it reflects a compromise between Republican legislative leaders, showing a shift towards more fiscally conservative measures while still addressing public sector compensation needs. The budget's passage is a crucial step for the state's financial planning and sets the tone for future legislative priorities.