Gov. Bev. Perdue announced today additional measures to ensure a balanced budget by June 30. All teachers’ and state employees’ compensation will be reduced by an annualized amount equivalent to 0.5 percent for the remainder of the fiscal year. Each employee will receive 10 hours of flexible time off in exchange.
“North Carolina continues to experience the effects of a national economic crisis, which force me to make difficult decisions in order to maintain a balanced budget through June,” said Gov. Perdue. “I will do what I must in order to ensure that North Carolina can pay our bills and provide the essential services required by our citizens.”