Government

Report: Medicaid expansion could lower NC unemployment rate

December 18, 2014

(WRAL.com)

A new report shows expanding Medicaid in North Carolina would create 43,000 jobs over five years. If Medicaid is not expanded by 2016, Mecklenburg and Wake counties each would create about 4,500 fewer jobs by 2020, according to the report from George Washington University.

Review panel approves fracking rules

December 18, 2014

(The News & Observer, Raleigh)

The Rules Review Commission approved proposed safety standards for fracking, the practice of horizontal drilling for natural gas. The rules will now go before the state legislature when it convenes in January.

McCrory slams AP report on stock payout

December 18, 2014

(The News & Observer, Raleigh)

Gov. Pat McCrory denounced an Associated Press report that revealed he received a six-figure stock payout from Tree.com, the Charlotte-based online lender where McCrory served as a director prior to becoming governor. McCrory said the story was "misleading" and "riddled with factual errors."

AP probe shows McCrory took stock payouts from online lender

December 17, 2014

(The News & Observer, Raleigh)

An Associated Press investigation reveals that Gov. Pat McCrory and U.S. Rep. Mark Sanford of South Carolina accepted six-figure stock payouts from Charlotte-based online lender Tree.com shortly after taking office. McCrory and Sanford were directors at the parent company of Lending Tree, and both resigned after being elected to public office. 

NC gas tax to go up a penny on Jan. 1

December 16, 2014

(WRAL.com)

North Carolina's gas tax will rise 1 cent to 37.5 cents per gallon on New Year's Day. The tax is adjusted every six months and is based on a flat fee of 17.5 cents plus an average of the per-gallon wholesale price of gas over six months. The base period used for the calculation was April through September, before gas prices began to plummet.

McCrory working to restore historic-preservation tax credits

December 15, 2014

(The News & Observer, Raleigh)

Gov. Pat McCrory said last week he is assembling a coalition of architects, real-estate professionals and civic leaders to reinstate North Carolina's historic-preservation tax credits, which will expire Dec. 31 ("Getting out of rehab," May).

State revenues $190M below forecast

December 12, 2014

(WRAL.com)

North Carolina's revenues are $190.1 million below expectations for the first five months of the fiscal year ended Nov. 30, according to the latest report from the Office of the State Controller. 

DENR must run tests to prioritize coal-ash cleanup

December 11, 2014

(The News & Observer, Raleigh)

State environmental regulators need to gather more information about possible groundwater contamination at Duke Energy's coal-fired power plants across the state before they can determine which ash ponds first need to be excavated or capped. 

Legislators work to close retirement tax loophole

December 10, 2014

(The News & Observer, Raleigh)

A state legislative committee debated a draft bill that would prevent state employees from rolling private-sector retirement accounts into tax-exempt state accounts. Supporters of the bill say the loophole costs the state $1 million a year.

AG Cooper to appeal utilities commission ruling

December 10, 2014

(The News & Observer, Raleigh)

N.C. Attorney General Roy Cooper plans to appeal a ruling that allows utilities to collect a 6.9% rate from customers though the state legislature lowered the corporate income tax rate to 6% this year.