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Source: Travis Fain, WRAL, 6/28/22
Legislative Republicans rolled out a restrained new state budget proposal Tuesday, pairing small new raises for teachers and state employees with preparations for an economic recession. Much of the state’s recent surplus tax collections, thanks to an economy that out-performed predictions throughout the pandemic, will go to the bottom line, including $1 billion lawmakers want to set aside for an “inflationary reserve.” For more of this story, click here.
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