The General Assembly has authorized many counties to levy local taxes to raise revenue but not cities. A bill (SB312) passed by the Senate Finance Committee today would allow ... Keep Reading
Taxation
State Senate Approves Budget, House is Next
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
New Compromise Senate Budget Retains Teach Assistant Jobs
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
Heated Debate Over Continuing Resolution to Keep the Government Running
House Republicans have crafted another bill to extend federal unemployment benefits to thousands who have been on unemployment now for over 77 weeks. But a new version of an old ... Keep Reading
Senate Budget Cuts Taxes and Ends “Temporary” Sales Tax Hike
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
Senate Democratic Leader Says Republicans Are Just Opposed to Public Education
Senate Democratic leader Martin Nesbitt says the $800 million dollars Senate Republicans propose cutting in public education is too deep and unnecessary. At a press availability he ... Keep Reading
New Tax Proposals Introduced in the House
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
NC House GOP Leadership – Winning in the Big Leagues
After the 2010 election there were a number of people who were counting the new republican legislature out before it even got started. They said it did not have the experience, ... Keep Reading
Annexation Reform Scheduled For Debate in House Finance Thursday
The sponsor of the latest version of annexation reform, Republican Representative Steve LaRoque, says his bill, HB845, will be discussed in the House Finance Committee Thursday. He ... Keep Reading
Tax Cut Package May Be Coming Next Week
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
