The NC House is set to take up HB 530 on the first day of session. This bill would establish an investment vehicle by which investors can provide capital to startup life sciences corporations, but their risk in investing will be guaranteed by taxpayers. The state of North Carolina would guarantee through tax credits that investors would receive a specified rate of return on their capital.
On April 20, Governor Bev Perdue released her recommended adjustments for the fiscal year 2010-11 North Carolina state budget. Included in her recommendations are an increase in spending over the current year’s expected appropriations, the elimination of roughly 600 mostly vacant state positions, a cut to public education and public safety, and a misguided attempt to “create jobs” via credits aimed at small businesses.
Governor Perdue’s total proposed FY 2010-11 budget for Transportation is $2.8 billion. This includes a $7 increase (from $28 to $35) in annual registration fees for cars and light trucks.
Governor Perdue’s recommended spending adjustments to the FY 2010-11 budget includes a 7.3% increase for the Department of Natural and Economic Resources (NER), the largest such recommended expansion, percentage-wise, among all state agencies.
Included in Gov. Perdue’s Recommended Adjustments for the 2010-11 state budget was a line item for $15 million for a “Back to Work” incentive fund. The fund was included as part of Perdue’s “JobsNow” proposal to bolster job growth in the state. In her budget, she describes the purpose of the new fund as to “provide a direct rebate to small businesses that hire long-term unemployed workers.”
One year later, the debate over the stimulus bill’s effectiveness rages on. A close inspection of stimulus grants and contracts awarded to North Carolina reveals a rather questionable strategy for the disbursement of stimulus funds. Many projects seem completely unrelated to avoiding an economic “catastrophe,” but rather an ad hoc satisfaction of countless dubious wish lists.
Our Nation’s forefathers and framers of the U.S. Constitution regarded the defense of property rights as one of the few and fundamentally unchanging roles of our government. Changing regulations and ambiguous language in the state’s general statutes threaten to diminish the property rights of North Carolina residents.
Conservative Group Says Three Triad Projects Waste Stimulus Money
The debate over the stimulus bill’s effectiveness rages on. A close inspection of stimulus grants and contracts awarded to North Carolina reveals a rather questionable strategy for the disbursement of stimulus funds. Many projects seem completely unrelated to avoiding an economic “catastrophe,” but rather an ad hoc satisfaction of countless dubious wish lists.
The first two recommendations in the Civitas Institute 2010 Agenda: “20 Changes for 2010: A Primer for State Reform” focus on policies that will promote job creation. The Problem: High Unemployment and Slow Job Growth
The economy, and jobs, was the centerpiece of President Obama’s State of the Union address last week, unfortunately not in the way many would have hoped.
Over the last dozen years, state lawmakers in Raleigh have increasingly relied upon targeted tax breaks and handouts under the guise of “economic development.”
What causes poverty? That's what North Carolina's "Poverty Reduction and Economic Recovery Commission" -- which met again last week -- claims to be investigating. Specifically, the law that created the commission declares "an understanding of the causes and effects of poverty are critical in the reduction of poverty and economic recovery."
Why does Golden LEAF exist? This question is not poised in a legal context. Rather it is meant to discern whether the organization offers any unique benefits to the State of North Carolina.
One major factor clearly contributing to higher health care costs is state-level mandates. These mandates, a requirement by the government, as well as laws and regulations that follow them, prevent people from purchasing health insurance across state lines – a restriction that greatly reduces choice and insurance alternatives.