The state auditor found that the town of Hertford made several questionable financial decisions, under the guidance of its former Mayor Pro Tem Quentin Jackson.
All tagged finances
New revenue forecast projects additional $6.5 billion surplus by 2023
Economists in the Office of State Budget and Management and the General Assembly’s Fiscal Research Division released an updated consensus revenue forecast today anticipating an additional $6.5 billion in state revenues through the next biennium.
Senate passes sweeping tax cut package with 8 Democrats on board
The North Carolina Senate passed a Republican-led tax reform package Wednesday evening in a quick, 36-14 vote that drew eight Democrats to cross the aisle and vote in favor of the bill. House Bill 334 would raise the standard deduction from $21,500 to $25,500 for joint filers, which would take about a quarter of a million of the lowest-income North Carolinians entirely off the tax rolls. It also reduces North Carolina’s flat income tax rate for remaining taxpayers from 5.25% to 4.99%.
N.C. HOPE program application period is open, offering rent and utility assistance for North Carolinians struggling to recover from pandemic
Today, Governor Roy Cooper and Chief Operating Officer of the North Carolina Office of Recovery and Resiliency (NCORR) Laura Hogshead shared an update on the application process for the N.C. Housing Opportunities and Prevention of Evictions (HOPE) Program.
Governor targets money to revitalize NASCAR tracks in N.C.
Lawmakers and the governor are moving bills and disclosing recommendations for using money from the American Rescue Plan, some $5.7 billion.
New application period opens for NC HOPE emergency rent and utility assistance
North Carolina’s emergency rental assistance program has opened a second application period for very low-income renters that are experiencing financial hardship due to COVID-19. The N.C. Housing Opportunities and Prevention of Evictions (HOPE) Program promotes housing stability during the ongoing pandemic by providing rent and utility bill assistance to prevent evictions and utility disconnections.
State has too much debt already
Thanks to the fiscally responsible policies of the North Carolina General Assembly, state government has some $5 billion in unspent funds and unanticipated revenues in its General Fund