Senate Leader Phil Berger (R-Rockingham) released the following statement about the consensus revenue forecast showing the state has a one-time $3.25 billion surplus:
All tagged revenue
Survey finds most businesses meeting or exceeding revenue goals
Sixty nine percent of businesses responding to an ongoing survey of North Carolina businesses report they either met or exceeded their revenue expectations in the month of January, according to preliminary results from the state’s Business Pulse Survey.
Long odds for sports betting legalization in N.C. this year
While a bill that would legalize sports betting across North Carolina passed a House committee last week, odds are heavily against it passing the full General Assembly before the session ends.
Make licensing reform a priority
According to the most-recent ranking I can find, North Carolina requires state-approved licenses in more occupations (nearly 200) than most other states do. North Carolina licenses twice as many occupations as Virginia does, and three times as many as South Carolina.
Lawmakers introduce retail and online sports betting bill
A recently introduced Senate bill would authorize and regulate sports betting in North Carolina beyond the tribal casinos with the revenue primarily going to schools and economic development.
Corporate tax should be priority
North Carolina state government is headed into the 2021-22 fiscal year with nearly $5 billion in unanticipated revenue and unencumbered savings. Even after making critical deposits into the state’s rainy-day fund, reserve for repairing and renovating state buildings, and other accounts, there’ll be enough money left on the table to start a fight.