Tag:N.C. League of Municipalities

  • 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…