On June 30, 2026, Governor Mikie Sherrill signed a $60.7 billion budget for FY 2027. The highlight of this budget is a $12.4 billion investment in K-12 education, the largest in state history. Sherrill’s budget also brings back funding for high-impact tutoring grants, issuing $15 million across more than 100 districts in order to close achievement gaps. An additional $1.4 billion is allocated for preschool aid and $20 million for summer tuition aid for eligible undergraduates.
Regarding the state pension system, the 2027 budget makes a full first pension payment of $7.3 billion.
The budget also issues $4.1 billion of Property Tax Relief and increases the Child Tax Credit by 25% in all three tiers.
Governor Sherrill’s budget did not include funds for student teaching stipends, nor did it allocate monies for community college operations costs.