NC H642

Requires Current Operations Appropriations Acts to include General Fund, Highway Fund, and Highway Trust Fund availability statements; Savings Reserve Account and Repairs and Renovations Reserve information; and enrollment projections with funding costs for public schools, community colleges, and universities.

Mandates a five-year fiscal analysis addressing the State's budget outlook and underlying assumptions be included in appropriations legislation.

Reestablishes "continuation budget" as the starting point for state agency budgeting, replacing "base budget" terminology, to include enrollment adjustments for public schools, Medicaid, universities, and community colleges.

Requires the Governor's Recommended State Budget to clearly distinguish continuation budget requirements, reductions, eliminations, expansions, and new programs in budget support documents.

Becomes effective July 1, 2015, with budget changes applying to the 2017-2019 fiscal biennium.