An executive order giving people a break on utility payments threw local governments across North Carolina into financial havoc. In late March, Gov. Roy Cooper’s executive order banned utility providers from disconnecting non-paying customers. The executive orders aimed to protect people from losing water, electricity, natural gas, sanitation, or wastewater…
North Carolina will make sure Tyrrell County won’t default on its debt, but the intervention buys just one year. Tyrrell County borrowed millions to build a reverse osmosis water plant and a new water tank to support its state prison in the late 2000s. But the…
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…
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.
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…
