This is a serious question and deserves a serious answer.
Graduation rates and SAT scores in NC have generally followed national trends, which means graduation rates have trended up and SAT scores have trended down. I don't think there is data to support negative outcomes in NC over the last four years.
On the other hand, 18 year olds graduating in 2012 had the benefit of 12 years of public education before all the cuts and turmoil. A kid starting school today is going to be dealing with the legacy of all this for the next 12 years. So one would not expect immediate changes in outcomes based on the policies of one or even a few years.
What I am personally concerned about is long-term damage to the public school system. NC has generally spent in the middle of the pack, and has generally gotten results in the middle of the pack. Our neighbors in the deep south have spent at the bottom of the pack, and have gotten results at the bottom of the pack. Spending does not always equal outcomes in education, but over the very long term it appears to be a proxy for a lot of other elements that directly impact outcomes, such as teacher quality.
When our legislature does things like kill off the Teaching Fellows program (for no apparent reason other than that it was associated with a former Democratic governor) and cut teacher pay to the bottom of the nation, we are disinvesting in teacher quality. The results of those decisions aren't going to show up tomorrow, but they will show up in the years and decades to come.
It is also worth noting that there is almost no data on how students in all the various charter schools or private schools receiving vouchers are performing, since they are immune to all the accountability that is allegedly so important in public schools.