Budget a big victory for Bowles, Easley
When the North Carolina General Assembly approved the final budget for the 2008 fiscal year in July, it was clear that the state’s education sector was a big winner. Lawmakers had approved a state budget that called for $1 billion more education spending than last year.
It’s that kind of spending that makes Gov. Mike Easley and UNC President Erskine Bowles quite happy. Both came away as big beneficiaries, having shepherded their specific spending proposals and persuaded lawmakers to fund their plans. For taxpayers, of course, the spending was more of a mixed bag, and a costly one.
In all, the 2008 budget came in at $20.6 billion. UNC makes up 12 percent of the budget, receiving a $2.6 billion total appropriation. The community college system received just under $1 billion, $938 million. Total education spending, when the K-12 Department of Public Instruction is included, was $11 billion. These figures do not include significant capital expenditures that will be funded by bonds that do not need voter approval.