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Representative Chuck McGrady
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Economy

Tax collections could lead to $700 million windfall

Posted on May 8, 2019 by admin in Budget, Economy, Tax Reform

The following is a guest post by Dan Way of the John Locke Foundation: A $470-million surge in April tax collections could push the state budget surplus to more than $700 million. Barry Boardman, chief economist for the General Assembly’s nonpartisan Fiscal Research Division, in a Monday, May 6, email alerted legislative leaders of both […]

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State Revenues Exceed Forecast by Over $400 million

Posted on August 15, 2018 by admin in Economy, Tax Reform

North Carolina collected $400.2 million more in revenue than forecast at the end of the 2017-18 Fiscal Year as “a steadily growing economy produced yet another fiscal surplus,” according to a new report from the state’s nonpartisan Fiscal Research Division. The state collected $176.1 million more in individual income tax than it forecast and $63.2 […]

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Rep. Bell and the NC House Keeps their Promises

Posted on July 17, 2018 by admin in Appropriations, Bell, Bonds, Budget, Business, Children, Consumer Protection, Courts, Economic Development, Economy, Education, Education Reform, Election Reform, Elections, Emergency Management, Energy, Environment, Farming, Food, Healthcare, Hunting & Fishing, Jobs, Medicaid, Pension Reform, Regulatory Reform, Speaker Moore, Tax Reform, Taxes, Technology, Transparency

Families and businesses in North Carolina continued to see promising gains from the 2018 state legislative session as lawmakers remained committed to higher salaries for educators and state employees, increased investments in public schools and a successful pro-growth jobs agenda. The accomplishments mark another year of promises kept by the Republican-led General Assembly to deliver […]

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Six statistics Carolinians should know

Posted on April 5, 2018 by admin in Budget, Economy, Education, Education Reform, Employment, Jobs, Tax Reform, Taxes, Transportation, Unemployment

Since 2010, when voters put Republicans in charge of most state governments across the United States, North Carolina became one of about a half-dozen states where conservative reformers have frequently — and sometimes spectacularly — faced off with progressives in ways that have attracted significant national attention. In 2011, the new GOP-majority General Assembly defeated […]

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Employment Increases by more than 85,000

Posted on March 15, 2018 by admin in Economy, Employment, Jobs, Tax Reform, Taxes, Unemployment

Employment figures released earlier this week by the state Department of Commerce show that the number of people employed in North Carolina increased by a total of 85,879 throughout 2017, while the number of people unemployed decreased by 20,263 over the same year-long period. The employment growth data follows a positive revenue outlook released by the […]

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NC in Top Tier for Economic Preparedness

Posted on October 31, 2017 by admin in Budget, Economy, Good Government

North Carolina is one of sixteen states well-prepared for a financial recession according to an economic study released this month by researchers at Moody’s Analytics. North Carolina has a record $1.5 billion savings reserve and has significantly improved its tax structure under a Republican-led state legislature. Moody’s Analytics provides financial insights on capital markets and […]

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North Carolina in Top 5 States for Wage Growth

Posted on October 12, 2017 by admin in Economy, Jobs

The U.S. Census Bureau recently released wage data estimating North Carolina had the fourth fastest household income growth in the nation during 2016. According to the Census Bureau study, North Carolina’s median household income was $50,584 in 2016 — up 4.5 percent from last year after adjusting for inflation. North Carolina’s wage growth ranked substantially […]

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Republicans Credited For Strong State Economy

Posted on September 19, 2017 by admin in Economy, Regulatory Reform, Tax Reform

The Republicans have enjoyed majorities in both bodies of the General Assembly for nearly seven years now, and pretty soon Phil Berger and Tim Moore will be asking for two more. This is an appropriate time to assess their performance on the economy. Even under the Perdue and Cooper governorships, policy outputs were shaped greatly […]

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Unemployment Continues to Drop

Posted on August 22, 2017 by admin in Economy, Unemployment, Unemployment Reform

North Carolina’s unemployment rate dropped once again to 4.1 percent in July, decreasing 0.1 percentage points from June and remaining below the national average of 4.3 percent. According to the Center for Economic and Policy Research, most economists consider full employment (otherwise known as the “Nonaccelerating Inflation Rate of Unemployment,” or NAIRU) to be in […]

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NC Unemployment at 11-year Low

Posted on July 28, 2017 by admin in Economy, Unemployment, Unemployment Reform
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The Economy Then and Now

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Recent Articles

  • 2019 Budget Passes First Vote in NC House
  • In Wake of New Report on Hurricane Matthew Delays, Lawmakers Want Renewed Oversight Into Cooper Administration’s Response
  • Tax collections could lead to $700 million windfall
  • Bill to Improve Ride-Sharing Safety Proposed by NC House Majority Leader
  • Lawmakers Introduce “Conner’s Law” in Honor of Murdered State Trooper Kevin Conner
  • NC House Members Urge Governor Cooper to Maintain Balance on State Supreme Court
  • House Enacts Voter ID With Veto Override
  • $793 Million for Florence Recovery
  • Hurricane Recovery Fund Approved in Bipartisan Vote
  • Legislature to Convene October 2 for Hurricane Relief
  • State Revenues Exceed Forecast by Over $400 million
  • Hurricane Relief Committee to Investigate Recovery Delays
  • Rep. Bell and the NC House Keeps their Promises
  • Life, Liberty and the pursuit of Happiness
  • Revenue estimates $252.8 million ahead of targets
  • Flag Day 2018
  • Legislature Overrides Budget Veto
  • Remembering the Day that Saved the World
  • Houses Passes School Safety Programs
  • Legislature Agrees to Adjustments for Current State Budget
  • Six statistics Carolinians should know
  • Employment Increases by more than 85,000
  • Safeguarding Emergency Equipment
  • LEO: No Need to Get Angry
  • The Pharmacy Patient Fair Practices Act
  • A Statue for North Carolina’s Favorite Son
  • A Good and Faithful Servant
  • Remembering Washington on President’s Day
  • A New Pipeline of Money to Public Schools
  • Get Outta My Dreams, Get Into My Car
  • Tax Fraud Prevention Saves State Revenue
  • NC in Top Tier for Economic Preparedness
  • The Electoral Freedom Act of 2017
  • North Carolina in Top 5 States for Wage Growth
  • Republicans Credited For Strong State Economy
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