Tag:N.C. League of Municipalities

  • Critics warn against plan to allow city-owned broadband systems

    The North Carolina League of Municipalities is making a push to allow local governments to build broadband infrastructure and lease it to private internet service providers, but critics warn the plan would harm taxpayers’ pocketbooks. The league tried and failed to get the same concept through the North Carolina General…

  • N.C. retains AAA bond rating even with tax cap amendment on ballot

    A constitutional amendment capping the state’s top income tax rate at 7 percent didn’t seem to spook national bond-rating agencies, state Treasurer Dale Folwell said. The three agencies recently reaffirmed the state’s AAA bond rating. Folwell made the announcement about the bond rating Wednesday, July 11.

  • Fate of municipal sales-tax option uncertain

    A Republican-sponsored bill in the General Assembly could allow the first ever municipal sales taxes in North Carolina. House Bill 900, sponsored by Reps. Stephen Ross, R-Alamance, and Jason Saine, R-Lincoln, would allow a municipality to hold a voter referendum on the adoption of a sales and use tax of…