By: Julie White, Executive Director and Mia Guglielmi, Intern
Budget Passes in the House, moves on to Senate
After a very busy week, the House passed their version of the budget (H97) which will now move on to the Senate. Some notable aspects of the House budget include increasing DMV fees by 30%, a film tax credit of $40m a year, and a renewable energy tax credit extension for two years. Since the Senate has already started work on their budget, they do not anticipate taking as much time as the House did. However, it is unlikely that many of the House’s tax credits will be included in the Senate’s version.
H552 Toughens Punishment for Graffiti
For more information on the graffiti bill, check out this story.
H232 Study/Update Bicycle Safety Laws Clears House & Senate
S486 NC Trail Expansion/Economic Corridors Moves to Next Committee
S486 is waiting to be heard in Senate Rules.
State senators and House members could spend the coming weeks debating income taxes and spending levels after the House’s budget proposal – released Monday – highlighted divisions between Republicans in the two chambers. (News & Observer)
North Carolina would spend $1 billion more in state tax dollars over the next fiscal year under a budget bill and related money report posted online Monday morning, giving the public a first look at the overall spending plan. (WRAL)
Economic development projects around the state are in jeopardy because of the uncertainty about the Job Development Investment Grants program, said Michael Smith, president of the North Carolina Economic Development Association. (News & Observer)
Raleigh businessman Bob Luddy, a major contributor to conservative causes, says he’s refusing to give $25,000 to N.C. House Republicans because their budget doesn’t include new tax cuts and extends tax credits for specific industries. (News & Observer)
The North Carolina Metropolitan Mayors Coalition, founded in 2001, is comprised of the mayors of the state’s larger cities, with more than three million citizens. The Coalition is a non-partisan, mayor-driven organization that focuses on issues of special interest to our large cities in a fast-growing and urbanizing state. The Coalition has worked successfully with federal and state elected officials to promote job creation, protect local revenues, invest in public infrastructure, and keep our cities safe.
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