House, Senate leaders approve $20.7 billion budget
House and Senate leaders have approved a $20.7 billion budget plan for the 2008 fiscal year. It’s a spending package that includes $2.6 billion for the UNC system and $938 million for community colleges.
UNC’s Fiscal Year 2007 budget was $2.2 billion.
The spending package comes one month into the 2008 fiscal year. Legislators had approved a continuing budget authorization in June after negotiators could not come to an agreement on critical aspects in the budget. Gov. Mike Easley is expected to sign the bill once it arrives at his desk.