RALEIGH – Two months into the 2006 fiscal year, lawmakers finally reached a consensus and approved a budget plan that will increase spending within the UNC system by 11 percent.
UNC’s appropriation for the 2005-06 fiscal year is $2.086 billion, representing 12.1 percent of the $17.2 billion budget, which was approved by the state House on Wednesday. Senate members are expected to give final approval today. A stopgap spending plan to keep state government running during the negotiations expires later today.
The budget for the 2006-07 fiscal year further increases UNC spending to $2.12 billion.