Special thanks to Representative Tom Murry for providing us with this infographic. Click on the image to open a high-resolution PDF.
[youtube_sc url=”http://youtu.be/IYO3tOqDISE” width=”580″ modestbranding=”1″ autohide=”1″ fs=”1″ border=”1″ hd=”1″] “I, Pencil” is a short video based on an essay written by Dr. Leonard E. Read that was first published in 1958 by The Freeman magazine. This timeless essay still evokes praise for its power and simplicity a half a century after it first appeared; the Nobel Prize winning […]
It wasn’t that long ago when the very same people who are now lambasting the General Assembly for broadening the sales tax base were saying that raising the sales tax rate on everybody was a good idea. In fact, they liked increasing the sales tax so much they tried to do it twice in just […]
Since 2011, N.C. Unemployment Rate has dropped 39 percent and more than 200,000 jobs have been added Speaker Thom Tillis released the following statement after North Carolina’s unemployment rate dropped again in March to 6.3 percent — the lowest it has been in almost six years and still below the national average. North Carolina also […]
This year’s tax reform efforts will lead to a tax cut for the average North Carolina household in every income category. The benefits from these changes will more than compensate for any minor expansions of the sales tax base or the end of the state’s Earned Income Tax Credit (which amounts to an average of […]
The Revenue Laws Study Committee, a bipartisan group comprised of members of both the House and Senate, met early this morning to discuss what are known as “privilege license taxes.” A privilege license tax is an additional fee that’s imposed on business owners by city governments for the “privilege” of either locating a business within a […]
“North Carolina’s jobless rate fell to 6.7 percent in January from 8.8 percent a year earlier, a 2.1 percentage point drop that was the biggest among the 50 states…” — Bloomberg The latest jobs report from the North Carolina Department of Commerce and the U.S. Bureau of Labor Statistics (BLS) shows a continuation of an […]
A new law will make it easier for restaurants along state roadways to offer sidewalk dining. House Bill 192 allows the North Carolina Department of Transportation (NCDOT) to enter into agreements with local governments to enact ordinances permitting sidewalk dining in some state rights-of-way. Professor Richard D. Ducker of UNC’s School of Government prepared this […]
A bipartisan new law will lower costs for home buyers by preventing pesky local governments from imposing additional regulations that are not currently authorized under the state’s building code, ensuring that the required types of inspections are uniform across the state. House Bill 120 also extends the life of home construction regulations from three years […]
A new law creates a property tax deferral program for sites with potential to be developed for office or industrial use while encouraging horizontal improvement so as to make the sites more readily adapted to those uses in a shorter timeframe. In order to qualify, the site must be zoned for office and/or industrial use; […]
In the United States, skilled trades are among the hardest jobs to fill; according to the U.S. Department of Labor, there are currently 645,000 jobs open in the trade, transportation and utilities sector — and more than a quarter of a million jobs available in manufacturing. A new law will help address that gap in […]
After the Obama administration ended North Carolina’s eligibility for an additional 99 weeks of federal unemployment benefits starting in July of 2013, the number of people taking jobs in the state has trended dramatically upward. Source: Bureau of Labor Statistics, U.S. Department of Labor.
North Carolina municipalities and counties issue debt or bonds to pay for specific projects such as schools, jails, county or municipal buildings, libraries, water treatment plants, streets, and sidewalks, among other things. Historically, all debt issued by local governments was voted on in referenda and issued as General Obligation or ‘GO’ bonds. Over time, local […]
[youtube_sc url=http://www.youtube.com/watch?v=hRd1H4HXv5M#t=520 rel=0 fs=1 autohide=1 modestbranding=1 width=590 ]Kelly McCullen reports for UNC-TV’s North Carolina Now and Legislative Week in Review on the General Assembly’s recent Unemployment Insurance reforms, including a fascinating interview with Assistant Commerce Secretary of Employment Security Dale Folwell. Follow Kelly McCullen on Twitter at @kellymccullen.
[youtube_sc url=http://youtu.be/SlqwCeiCs4o rel=0 fs=1 autohide=1 modestbranding=1 width=590 ]Representative David Lewis speaking at NC FreeEnterprise Foundation‘s 2013 Leadership Luncheon at the Angus Barn in Raleigh. Follow Representative Lewis on Twitter at @RepDavidRLewis.
From a December 11 Wall Street Journal editorial: “Some smart states have begun to resist Uncle Sam’s not-so-free unemployment benefits and loans. While the feds have financed longer unemployment benefits, states in return have had to agree not to cut recipients’ weekly payments. North Carolina, for example, was criticized as heartless for scaling back benefits […]
If you are even an occasional reader of this space, you know that I put very little stock in “best places for business” lists. There are too many of them, reflecting too many different and mutually incompatible methodologies. They produce conflicting information and often bear little relationship to what is really going on in state […]
To be frank, sometimes legislation that’s passed by the General Assembly just isn’t, well…very exciting. Some bills do nothing more than make seemingly minor technical changes to an existing law or put clarifying language on the books so that the legislature’s intent is less ambiguous down the road. HB743, now law, is such a bill. […]
During the month of November, House and Senate members return to Raleigh to resume their specific studies during the interim. This month, subcommittees began reporting their findings as members had an opportunity to examine, critique and offer refinements to existing law. Joint Legislative Economic Development and Global Engagement Oversight Committee The Joint Legislative Economic Development […]
A pair of “beer bills” made their way through the legislature this year and were signed into law. House Bill 829, sponsored by Representative McGrady, allows the sale of malt beverages in refillable 64 oz. containers (known as “Growlers”) in grocery stores, wine shops, bars, restaurants, and other establishments where alcoholic beverages are already sold. […]
A new law limits the amount of debt that the General Assembly is allowed to authorize without voter approval. The measure is designed to save taxpayers both principal and interest payments and will help secure North Carolina’s excellent credit rating. Senate Bill 129 passed the legislature unanimously and was signed into law by Governor Pat […]
For those that follow politics and the related stories in the media, it will come as no surprise that The News & Observer (NYSE: MNI) has once again been caught telling…how shall we put this? Less than the entire truth. Over the years, the paper and its reporters have become notorious for selectively invoking the […]
Why did the legislature reject federal unemployment payments? This is a common misconception. The legislature did not reject these unemployment payments — the federal government refused to grant them to the citizens of North Carolina. State governments do not have the power or the authority to either pay federal benefits or take away federal benefits. […]
On May 13, bipartisan legislation passed the House that reforms North Carolina’s system of government rules and regulations. House Bill 74 sets up a new framework for the periodic review of existing state regulations and sets up an expiration schedule for those which can no longer be adequately justified. The bill now moves to the […]
Earlier this afternoon, the House approved sweeping reforms that will bring solvency to the state’s troubled unemployment insurance system while protecting benefit levels for those who are currently unemployed. Representative McGrady was a co-sponsor of the legislation. The result of months of negotiations and compromise, House Bill 4 sets up a mechanism to pay off a […]