This year, North Carolina’s state government will spend over $21 billion of your tax dollars. That’s a lot of money. But where does it all go? Here’s a breakdown (click on the graphic above for a high-resolution image):
|Budget Category||% of Budget|
|Health & Human Services||37.43%|
|Natural & Economic Resources||8.96%|
|Justice & Public Safety||5.55%|
|Reserves & Transfers||0.44%|
As you can see, over 70% of state spending falls within two general categories: Health & Human Services programs (primarily Medicaid) and public education — which includes K-12 public schools, the university system, and our state’s 57 community colleges.
The largest component of state education spending is on K-12 — $8.1 billion will be spent this year on K-12 alone, and 90% of that will be spent on teacher, administrator and staff salaries.
For some perspective, a stack of $100 bills worth $8.1 billion would reach five and half miles up in the sky — that’s 23 Empire State Buildings stacked on top of one another in $100 bills. And for what it’s worth, $8.1 billion in $100 bills weighs about 90 tons.
So there’s that.