All in Business

NCDHHS announces COVID-19 screening testing program to increase K-12 school health staffing and capacity

The North Carolina Department of Health and Human Services is launching an expanded COVID-19 screening testing program to support public, charter and private K-12 schools in protecting students and staff from the spread of COVID-19. The program will launch in fall 2021 and schools can register to participate beginning in early July.

Senate passes sweeping tax cut package with 8 Democrats on board

The North Carolina Senate passed a Republican-led tax reform package Wednesday evening in a quick, 36-14 vote that drew eight Democrats to cross the aisle and vote in favor of the bill. House Bill 334 would raise the standard deduction from $21,500 to $25,500 for joint filers, which would take about a quarter of a million of the lowest-income North Carolinians entirely off the tax rolls. It also reduces North Carolina’s flat income tax rate for remaining taxpayers from 5.25% to 4.99%.

Governor Cooper commits to offshore wind power as North Carolina creates jobs by transitioning to a clean energy economy

Governor Roy Cooper today issued Executive Order No. 218 highlighting North Carolina’s commitment to offshore wind power as the state transitions to a clean energy economy. The Executive Order highlights the economic and environmental benefits of offshore wind and directs actions to help North Carolina secure the jobs and economic development associated with the industry’s estimated $140 billion investment over the next 15 years to develop projects from North Carolina up the Atlantic Coast.

Cutting corporate tax helps consumers

With negotiators for the North Carolina House and Senate confirming that they’ve agreed on the broad outlines of a state budget for next year, the prospect of ending the state’s 2.5% corporate income tax is one step closer to becoming reality. A phase-out is already in the Senate’s budget plan, and key House members have endorsed the idea.

North Carolina legislative chambers agree to spending amount

With the end of the state’s fiscal year just three weeks away, the N.C. House and Senate have reached a deal for the next budget. After weeks of closed negotiations, N.C. Senate and House leaders have agreed to a top-line spending number of $25.7 billion in the first year and $26.7 in the second year. That’s a spending increase of 3.45% in the first year of the biennium and 3.65% in year two.