Easley announces his $20.1 billion spending plan
RALEIGH (Winston-Salem Journal) - Gov. Mike Easley wants to keep two "temporary" taxes the Legislature started phasing out last year, eliminate income taxes for poor people and expand access to higher education.
His $20.1 billion spending plan released Thursday for the year starting July 1 would also raise teacher pay an average of 5 percent as Easley works to keep his pledge to get salaries above the national average next year, before he leaves office.
As highlighted in his address to state lawmakers earlier this week, Easley's budget would eliminate income taxes for 545,000 individuals and families and reduce them for an additional 629,000.
The $90 million package of tax cuts also includes tax deductions for college tuition and would allow small business to write off more expenses.
His $20.1 billion spending plan released Thursday for the year starting July 1 would also raise teacher pay an average of 5 percent as Easley works to keep his pledge to get salaries above the national average next year, before he leaves office.
As highlighted in his address to state lawmakers earlier this week, Easley's budget would eliminate income taxes for 545,000 individuals and families and reduce them for an additional 629,000.
The $90 million package of tax cuts also includes tax deductions for college tuition and would allow small business to write off more expenses.
posted by BP News Bureau | 2:06 PM
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