Civitas Review

Budget & Taxes Archives

  1. Jul
    23

    Senate Finance Committee Approves Local Tax Changes, Expansion of Corporate Welfare

    Posted in Budget & Taxes By Brian Balfour | Tagged , , ,

    The Senate Finance Committee gave approval to a bill that impacts local sales taxes and expands state government's corporate welfare programs. The bill is on the schedule for Senate discussion today. HB 1224 has been modified over the past week, with the final version gaining committee approval yesterday. With regard to local sales taxes, the […]

  2. Jul
    22

    DC Court of Appeals Rules Against Obamacare

    Posted in Budget & Taxes, Healthcare By Brian Balfour | Tagged , , ,

    A ruling today states that the provision in Obamacare that says those enrolling in health insurance exchanges "established by the State" are not eligible for government subsidies to help pay for premiums. The court ruling is in contrast to a previous rule created by the IRS that attempted to reverse this very specific provision. From MSNBC: […]

  3. Jul
    22

    Obamacare Mandate to Cost NC Taxpayers Millions for State Employee Coverage

    Posted in Budget & Taxes, Healthcare By Brian Balfour | Tagged , ,

    Thousands of state employees will be newly eligible for mandated health insurance coverage this January, courtesy of Obamacare. This has presented an additional challenge to state budget writers of how to pay for their coverage. The issue has been a concern for months, as state agencies must absorb the cost of covering temporary employees who […]

  4. Jul
    17

    Senate Bill Allows Local Sales Tax Hike for Ed Expands Corporate Welfare

    Posted in Budget & Taxes By Brian Balfour | Tagged , , ,

    In a new "committee substitute" bill introduced by the Senate Finance Committee yesterday, the state would authorize local governments to raise their sales taxes by 1/2 cent to fund education (but create a cap on the local tax rate), and a new corporate welfare program would be created. A summary on the local sales tax […]

  5. Jul
    15

    House, Senate Remain Divided on State Budget Talks

    Posted in Budget & Taxes By Brian Balfour | Tagged , ,

    More than two weeks into the new fiscal year and the NC House and Senate continue to struggle to come to agreement over how to adjust the second year of the two-year budget passed last year. The main sticking points remain funding for teacher raises and Medicaid. From WRAL: Senior Budget Chairman Nelson Dollar said […]