Per the Carolina Journal: A bill substantially scaling back the amount of debt the state can assume without voter approval has passed the state Senate and is now before the ... Keep Reading
certificates of participation
Time to End Unauthorized State Debt
Reps. Rayne Brown (R-Davidson) and George Cleveland (R-Onslow) are primary sponsors of HB 35, which should receive serious consideration by NC lawmakers. Essentially, the bill ... Keep Reading
More on a “Win for Taxpayers”
A few more comments and observations on HB 491: I've written before on the need for such a measure. State lawmakers have exploited a clause in the state constitution allowing ... Keep Reading
A Win for Taxpayers
Yesterday the House Finance Committee approved legislation sponsored by Rep. Rayne Brown (R-Davidson) to repeal a loophole that allowed state government to issue billions in debt ... Keep Reading
New Bill Returns Voice to Voters on State Debt
HB 491 was filed yesterday, and it is a popular measure long overdue. The bill, titled "NC Certificates of Participation Referendum" would amend the state constitution to ensure ... Keep Reading
Restoring Fiscal Responsibility
Today's Durham Herald-Sun includes my piece discussing two items I believe should be at the top of state lawmakers' priority list. A slice: If the new majority is serious about ... Keep Reading
Just What NC State Government Needs – More Debt!
Tucked away in the 2010-11 state budget bill is the authorization of another $175 million in non-voter approved debt. The budget is on pace to be signed into law by Gov. Perdue by ... Keep Reading
Let Voters Decide on Raleigh Debt
Robert Orr, former state Supreme Court justice, and executive director of the N.C. Institute for Constitutional Law, recently penned this article for the Raleigh N&O regarding ... Keep Reading
