With Phase Two well on its way, many wonder what this means for North Carolinians as our state slowly returns to normalcy. Phase One removed the distinctions between essential and non-essential businesses and allowed retail businesses to open at 50% capacity while complying with CDC distancing guidelines. Phase Two, which began on May 22nd, showed greater movement. Here are the distinctives in
The State of North Carolina recently released the latest financial report for April 2020. For fiscal year 2020 and the month of April specifically, tax revenue was $2.48 billion, down 35% by more than $1.3 billion compared to April 2019. Thanks to the legislature’s fiscally responsible approach in recent years, North Carolina is in a good position to address the challenges from
With “Phase One” beginning May 8 at 5:00 pm., many wonder what this means for North Carolinians. Gov. Roy Cooper laid out more details Tuesday evening about moving forward into Executive Order 138, which modifies the initial stay-at-home order. Let’s take a look at what’s included and what should have been included. Most importantly, Phase One removes the distinction between
Forbes magazine named our state the #1 state for business. Why? Because the conservative majority in the legislature has governed responsibly — cutting taxes and regulation, increasing teacher pay and education funding, and saving for emergencies. With conservative reformers in charge, our state’s best days are still ahead.
This week, the North Carolina House of Representatives Finance committee recommended two COVID-19-related bills (H.B. 1034 and H.B. 1039) which focus on small-business loans. Other benefits of the bills include easing unemployment-claim requirements and waiving tax-filing deadlines.
