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Michael F. Easley
Governor
State of North Carolina
Office of the Governor
Governor's Press Office
State Capitol, Raleigh, NC 27603-8001
(919) 733-5612 - Toll Free 1-800-662-7005
FAX (919) 733-5166
For Release: IMMEDIATE Contact: Cari Boyce
Date: July 10, 2006 Phone: 919/733-5612
GOV. EASLEY SIGNS BUDGET THAT KEEPS EDUCATION AS NC’S TOP PRIORITY
Plan Provides More than $10.8 Billion for Schools, Cuts Taxes, Ensures Secure Communities
RALEIGH – Gov. Mike Easley today signed the budget agreement passed by the General Assembly for the 2006-2007 fiscal year. He commended the legislature for enacting a plan that keeps education the state’s top priority by providing more than $10.8 billion in resources to improve education.
“Investments in education continue to be our No. 1 priority in North Carolina,” said Easley. “This budget provides nearly $1.4 billion more this year in new support for pre-k through the community college and university systems in addition to targeting resources to reform high schools and help our low-wealth school districts.
“Our continued commitment to progress in education, coupled with our top-ranked business climate, makes North Carolina one of the best locations to grow and expand a business not only in America, but in the world.
“I commend the legislative leadership for their hard work in delivering a timely budget package that not only invests in education, but also ensures secure communities and provides tax relief.”
Highlights of the budget adjustments for the 2006-07 fiscal year include:
• Increasing North Carolina’s Commitment to Education – Provides an additional $943 million General Fund resources to education above 2005-06 levels, including teacher salary increases and bonuses, in addition to an anticipated $425 million in N.C. Education Lottery revenues for pre-k, class size reduction, school construction and college scholarships for those who cannot afford to pay.
• Recruiting and Retaining Teachers in the Classroom – Includes $323 million for a teacher salary increases averaging 8 percent (paying for a step increase and increasing every step by $2,250), $10 million for an additional step at the top of the salary schedule, and $90 million for ABC bonuses. In addition $3.3 million will provide expanded teacher-training opportunities through the community college system, scholarships to prospective teachers, and more professional development for teachers and principals.
• Increasing Resources for Low-Wealth and At-Risk Schools – Provides full funding for the low-wealth formula through an increase of $42 million and provides $27 million for disadvantaged students.
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| Full Text | Michael F. Easley Governor State of North Carolina Office of the Governor Governor's Press Office State Capitol, Raleigh, NC 27603-8001 (919) 733-5612 - Toll Free 1-800-662-7005 FAX (919) 733-5166 For Release: IMMEDIATE Contact: Cari Boyce Date: July 10, 2006 Phone: 919/733-5612 GOV. EASLEY SIGNS BUDGET THAT KEEPS EDUCATION AS NC’S TOP PRIORITY Plan Provides More than $10.8 Billion for Schools, Cuts Taxes, Ensures Secure Communities RALEIGH – Gov. Mike Easley today signed the budget agreement passed by the General Assembly for the 2006-2007 fiscal year. He commended the legislature for enacting a plan that keeps education the state’s top priority by providing more than $10.8 billion in resources to improve education. “Investments in education continue to be our No. 1 priority in North Carolina,” said Easley. “This budget provides nearly $1.4 billion more this year in new support for pre-k through the community college and university systems in addition to targeting resources to reform high schools and help our low-wealth school districts. “Our continued commitment to progress in education, coupled with our top-ranked business climate, makes North Carolina one of the best locations to grow and expand a business not only in America, but in the world. “I commend the legislative leadership for their hard work in delivering a timely budget package that not only invests in education, but also ensures secure communities and provides tax relief.” Highlights of the budget adjustments for the 2006-07 fiscal year include: • Increasing North Carolina’s Commitment to Education – Provides an additional $943 million General Fund resources to education above 2005-06 levels, including teacher salary increases and bonuses, in addition to an anticipated $425 million in N.C. Education Lottery revenues for pre-k, class size reduction, school construction and college scholarships for those who cannot afford to pay. • Recruiting and Retaining Teachers in the Classroom – Includes $323 million for a teacher salary increases averaging 8 percent (paying for a step increase and increasing every step by $2,250), $10 million for an additional step at the top of the salary schedule, and $90 million for ABC bonuses. In addition $3.3 million will provide expanded teacher-training opportunities through the community college system, scholarships to prospective teachers, and more professional development for teachers and principals. • Increasing Resources for Low-Wealth and At-Risk Schools – Provides full funding for the low-wealth formula through an increase of $42 million and provides $27 million for disadvantaged students. |
