North Carolina budget agreement reached, lawmakers say

This browser does not support the video element.

Republicans have reached a deal on adjustments to North Carolina's state budget for the upcoming fiscal year that contains pay raises for teachers and state employees.

Senate leader Phil Berger, House Speaker Tim Moore and other GOP legislators announced details on the agreement Monday night. The two chambers will vote on the compromise measure in the coming days.

Budget-writer Rep. Nelson Dollar says average pay raises for teachers will be 4.7 percent, with the increases weighted toward mid-career and veteran instructors. Rank-and-file workers would get at least 1.5 percent raises and small bonuses. There's also money for merit-based raises.

Gov. Pat McCrory would be asked to sign the final budget, which takes effect July 1, into law.

More personal income wouldn't be subject to taxes this calendar year and next.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.