The North Carolina General Assembly gave its overwhelming approval yesterday to a $23 billion state budget that, among other things, increases education investments by more than $700 million, raises teacher pay for the fourth consecutive year, provides needed disaster relief to communities affected by Hurricane Matthew, helps lower-income people by further expanding the state’s zero-tax bracket, and adds $363.9 million to the state’s savings reserve account. […]
Legislation passed the House overwhelmingly last month that will help stimulate commerce and job creation for coin dealers and those in the Precious Metals trade. House Bill 434 updates current sales tax laws to allow for the exemption from sales taxes for the commercial sales of gold and silver bullion and coins. Included in the exemption is the […]
Senate Leader Phil Berger (R-Rockingham) and House Speaker Tim Moore (R-Cleveland) held a joint press conference Monday to announce details of the roughly $23 billion budget and tax relief agreement reached between the state House and Senate. As a result of responsible budgeting decisions, millions of middle-class families and job-creating small businesses will keep more […]
The North Carolina House of Representatives released highlights of its balanced budget proposal for the 2017-2018 biennium on Thursday, submitting a plan that continues to advance successful government investment strategies contributing to revenue surpluses, rainy day reserves, rapid economic and population growth this decade. The budget highlights released on Thursday were provided to area appropriations subcommittees […]
From the Triangle Business Journal: There will be no sharing of Site Selection magazine’s Prosperity Cup title this year. In its May issue, released Thursday, North Carolina took first place for the 2017 award. Formerly known as the Top Competitive State award, North Carolina had tied with Texas for the top spot in 2016 after having […]
50 million tourists spent $23 billion in North Carolina last year, an all-time high, according to a new report by the U.S. Travel Association. These tourism dollars supported 45,000 small businesses, 218,340 jobs, and generated $3.6 billion in taxes. And much of that spending was undoubtedly linked to outdoor recreation; figures also released today by the Outdoor Industry Association show that in 2016, outdoor […]
With an overwhelming bipartisan vote of 109 to 8, the North Carolina House yesterday afternoon passed the “BRIGHT Futures Act” (House Bill 68) to accelerate the build-out of digital infrastructure in rural and other underserved areas of our state. Representative Faircloth co-sponsored the bill. The goal is to bring greater economic prosperity to more folks by way of a […]
The following article was written by Matt Caulder and is reproduced from yesterday’s NC Capitol Connection: Both the House and the Senate have put forward tax cut plans for the coming biennial budget. The competing plans will be discussed in earnest as legislators work to craft a budget plan to send to the governor for […]
With The Bathroom Bill Gone, Here Are 5 Things Happening In North Carolina For The Media To Cover by Patrick Gleason Between the University of North Carolina Tar Heels beating Gonzaga to win the men’s college basketball national championship on Monday, and the North Carolina General Assembly last Thursday repealing House Bill 2, commonly referred […]
Yesterday, leaders of the House Finance Committee filed House Bill 356, “The Tax Reduction Act of 2017,” calling for another round of tax cuts for North Carolina’s families and businesses. This comprehensive legislation builds on the historic tax reforms that have stimulated the state’s rapid economic growth since 2013. House Bill 356 would once again increase North Carolina’s “standard deduction,” this time […]