RALEIGH, N.C. A panel led by State Treasurer Janet Cowell says North Carolina government has no extra room to authorize new debt if it wants to keep its top credit rating because of a poor revenue situation.
Cowell’s office released on Tuesday the annual Debt Affordability Study. The committee said the state has exhausted its ability […]
Republicans pushed through the state Senate’s budget committee a bill that seeks cost savings to help close next year’s shortfall both by spending cuts and taking cash from places like tobacco trust and economic incentives funds. The bill would direct Democratic Gov. Beverly Perdue to find at least $400 million in budget savings this year, […]
When Gov. Beverly Perdue offers her proposed budget later this month, it could include provisions regulating and taxing the video gambling industry, according to a spokeswoman for the governor. The state has been trying for five years to stamp out video poker and its kin, such as the video sweepstakes machines. But various court rulings […]
Republican budget leaders have given their underlings an aggressive schedule to get a budget to Gov. Beverly Perdue a month before the new fiscal year begins. Budget subcommittee co-chairs received a draft calendar laying out the process for approving a state spending plan by June 1. The proposal has the House approving its version by […]
County leaders have set up a road block against another effort by the General Assembly to reduce the state’s budget deficit by shifting responsibility for secondary road maintenance away from the state to the counties.
“It would absolutely break the backs of counties,” George Graham, chairman of the Lenoir County Board of Commissioners, said of that […]
WASHINGTON, DC – Senate Appropriations Committee Chairman Daniel K. Inouye, (D-HI) today announced that the Committee will implement a moratorium on earmarks for the current session of Congress. This amounts to a 2 year moratorium, as it will apply to both the FY 2011 and FY 2012 bills.
Chairman Inouye’s Statement […]
RALEIGH — Some form of video gambling is likely to play a role in the budget that Gov. Bev Perdue proposes later this month.
The state has been trying for five years to stamp out video poker and its kin, such as the video sweepstakes machines that are now popular.
But various court rulings, including a December […]
There’s plenty of reasons to be excited about the sudden, meteoric rise of EVs and ultra-fuel-efficient hybrids — with gas prices showing no sign of decreasing, fuel supplies showing equally no sign of increasing, and carbon emissions showing the polar opposite of a decrease, we should be thrilled to see momentum building for a drastic […]
Posted: 10:36 a.m. today
Updated: 10:46 a.m. today
Unemployment across the Triangle metropolitan area dipped slightly in December to 7.7 percent, according to figures released Tuesday by the state Employment Security Commission.
The rate was 7.9 percent in November.
Overall employment total fell by 300, to 499,600 in Raleigh-Cary.
The loss of 800 […]
Lawmakers have rolled out a bill that would give Gov. Beverly Perdue more authority to reduce spending throughout state government to free up extra cash to help close an expected budget gap next year of more than $3.5 billion. The three Senate Appropriations Committee co-chairmen filed a bill Monday that would authorize Perdue to reduce […]
