Auditor reports poor monitoring of COVID-19 relief money
The N.C. auditor said the vast majority of the $3.6 billion in COVID-19 relief funds the state received from the federal government was distributed with limited monitoring and controls.
funds
State Senate leader says surplus funds a ‘blessing and a curse’
Addressing the N.C. Chamber of Commerce Government Affairs Summit, State Senate leader Phil Berger, R-Rockingham, said the more than $4.5 billion surplus tax revenue North Carolina has in its coffers is both a “blessing and a curse.”
House lawmakers push state tax exemption for expenses paid with PPP loans
Lawmakers in the North Carolina House have fast-tracked a bill that would allow businesses that received Payroll Protection Program loans from the federal government to have any expenses the funds were used for deducted from state tax.