NC tax revenue soars $6.5B predicted by 2023

Senate Bill 650 Scholarships for Children of Wartime Veterans provides $2.4 million in additional, annually recurring funds for room and tuition expenses to students receiving a North Carolina Scholarship for Children of Wartime Veterans.  The scholarship program currently receives $9.1 million per year. 

The program also received the additional one-time appropriation of $2.4 million in 2018 from the General Assembly, helping the scholarships cover more higher education costs for those students than they previously provided. 

The Office of House Speaker Tim Moore (R-Cleveland) announced last week the bill’s additional funds would be approved on a recurring basis.  

“Veterans and their families mean so much to North Carolina, and these higher education scholarships are an important way the state can support their dedicated service to the nation,” Speaker Moore said Tuesday. 

“We are pleased to provide this additional scholarship funding again, on a recurring basis this year, to honor their sacrifice and help military families succeed in our state.” 

North Carolina House Majority Leader John Bell (R-Wayne) presented the legislation on Tuesday.

“Over 20,000 Scholarships for Children of Wartime Veterans have been awarded to these well-deserving students in North Carolina,” said House Majority Leader Bell.  “This legislation will provide additional recurring funds for this vital program through the 2019-2021 budget cycle.”  

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