Economics

The House Finance Committee voted down HB315, the "Taxpayer Information Act." The bill would have required any government to include the current interest rate taxpayers would pay ... Keep Reading

The state House of Representatives approved HB491, which would repeal the authority for the state to take on debt not approved by voters. While voters are asked for permission to ... Keep Reading

The Employment Security Commission is getting ready to disburse this week retroactive federal unemployment benefits to about 47,000 citizens in North Carolina. That is based on ... Keep Reading

The Senate passed a $19.7 billion compromise budget by a vote of 31-19. Democratic amendments went down by the same county. Those amendments included restoring funding for the ... Keep Reading

The state Senate originally cut most of the money that paid for teacher assistants in public schools. Governor Beverly Perdue said that budget drastically cut education funds and ... Keep Reading

The Senate $19.4 billion budget cuts taxes across the board on personal income. There are also a new tax exemption for small businesses of up to $50,000. One of the chief budget ... Keep Reading

Republican Senate President Pro Tem Phil Berger says there could be a joint Finance Committee meeting next week to look at a tax cut package for the budget, but some ideas are ... Keep Reading

The state House is expected to move its budget over to the Senate this week. At the same time there is still no tax cut package to explain the drop in revenue in the House budget ... Keep Reading

The spending plan written by House Republicans would significantly change who would make the decisions about how the proceeds from the national tobacco settlement are used. The ... Keep Reading

The House Appropriations Committee kicks off debate on the new Republican budget today. The one thing that sticks out in the "money report" is a line item labeled "Reserve for ... Keep Reading