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
state debt
Proposed Changes to NC Unemployment Heads to Legislature
Earlier today the Revenue Laws Study Committee approved its proposed plan to reform North Carolina's unemployment insurance system in order to more promptly re-pay the $2.4 billion ... Keep Reading
Committee Proposes Major Changes to Unemployment Insurance Program
Today's Revenue Laws Committee meeting included a rollout of proposed changes to North Carolina's unemployment insurance program. Recall that NC is facing a $2.5 billion debt to ... Keep Reading
State’s Credit Card Still Maxed Out
The State Treasurer's Office just released its 2012 Debt Affordability Study analyzing the current state debt situation. Some of the major findings contained in the study: The ... Keep Reading
State Lawmakers and Bureaucrats Continue to Ignore $2.5 Billion Debt to Feds
As far back as ten months ago, I wrote about North Carolina's mounting debt burden for the billions it borrowed from the Federal government to cover unemployment benefits. Indeed, ... Keep Reading
Debt Downgrades – Is North Carolina Next?
Today's N&O has a short piece expressing relief about North Carolina's continued AAA bond rating for its debt. As I point out in this article at www.nccivitas.org , however, ... Keep Reading
House Committee Votes to Keep True Cost of Government Debt Off Referenda
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
House Prohibits State Borrowing Without Voter Approval
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
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
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
