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North Carolina plan would end data center tax breaks by 2032: 'Be clear-eyed about the real cost"
2+ mon, 3+ week ago (406+ words) North Carolina's fight over data centers is broadening into a wider debate over artificial intelligence, energy demand, and who should bear the cost. Gov. Josh Stein wants to wind down the state's generous data center incentives, contending that households should…...
North Carolina lawmakers announce budget deal: How much more state workers will make
4+ mon, 3+ hour ago (132+ words) North Carolina is the only state in the country without a new budget, but GOP lawmakers say they've reached a deal on taxes and state employee raises, two of the main sticking points. North Carolina lawmakers announce budget deal: How…...
Why Raleigh City Leaders Won’t Commit to a $200 Million Affordable Housing Bond
4+ mon, 4+ week ago (716+ words) Last weekend, Reverend Bankole Akinbinu of Baptist Grove Church in Raleigh led 300 congregants in a prayer for affordable housing. “We pray now, God, for the most vulnerable amongst us that are represented in this county and some even in this…...
Facing $13 million budget gap, Raleigh could see tax hike or service cuts
5+ mon, 3+ day ago (194+ words) The city of Raleigh faces a $13 million budget gap, and could increase property taxes to cover it. Simply put, the city's costs are outpacing revenues. In a presentation to city council, city staff explained how declining property tax revenue hinders…...
Budget shortfall could prompt Raleigh to raise homeowners’ taxes, city says
5+ mon, 4+ day ago (454+ words) Raleigh homeowners will likely face higher property tax bills as the city faces a bleak budget situation. The city’s property tax base has shrunk, budget director Sadia Sattar told the Raleigh City Council on Monday, a situation she described as…...
North Carolina lawmakers weigh plan to limit property tax levies
5+ mon, 2+ week ago (61+ words) Lawmakers in North Carolina are considering a plan to cap property tax levies. The constitutional amendment would keep inflation from impacting property taxes too much. ALSO READ: Huntersville town manager proposes property tax increase to fund projects Currently, it has…...
Stein again calls for pause on tax cuts as North Carolina faces budget gap
5+ mon, 2+ week ago (379+ words) Gov. Josh Stein warned Monday that North Carolina could face a $3.5 billion budget shortfall within two years, with public education likely to take the largest hit. Speaking at an education conference hosted by BEST NC, Stein said the projected gap…...