NC tax negotiations delaying budget talks

Jun. 20, 2013 @ 04:19 PM

Negotiations on a tax overhaul plan probably will require the General Assembly to pass a stop-gap spending measure to keep funding North Carolina state government into the new fiscal year.

House Speaker Thom Tillis told colleagues Thursday that legislation called a "continuing resolution" likely will be debated next week, But Tillis says he's still hopeful that this year's legislative session can end by July 4.

Intense talks on a two-year budget plan should be happening by now, but they've been delayed while a tax deal between the Senate and House is worked out. The tax overhaul will adjust the level of funds budget-writers can spend through the middle of 2015.

The current fiscal year ends June 30. Continuing resolutions usually last a couple of weeks.