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Local News
7:05 pm
Wed May 6, 2015

Charlotte Council Members React To Property Tax Increase Plan

The City of Charlotte lost more than $28 million from the state repeal of a business license tax and lower property value after Mecklenburg County's redo of its 2011 revaluation. With increased sales tax revenue, the upcoming budget still has a $21.7 million gap.
Credit Ben Bradford / WFAE

Charlotte city council members expressed mixed feelings about city manager Ron Carlee’s proposal to raise property taxes as part of the solution to the upcoming budget deficit.


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Local News
6:59 pm
Wed May 6, 2015

NC Economists Now Projecting Budget Surplus

After earlier projections that showed North Carolina may finish this fiscal year with a budget shortfall, state economists are now saying the state will come out ahead. A consensus forecast released Wednesday projects a surplus of $400 million or about 2 percent.

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Local News
6:54 pm
Wed May 6, 2015

New Research Shows Mecklenburg County Among Worst For Economic Mobility

This figure plots the percentage gain from moving to a better area by the age at which the child moves.
Credit www.equality-of-opportunity.org

If you’re poor and grow up in Mecklenburg County, you have among the worst chances in the country of climbing the income ladder as you get older. That’s according to a study by a group of researchers at Harvard, who looked at the earnings records of millions of families. The study found poor children in Stanly County, just two counties over, have a much better chance at earning more money as adults. 

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Local News
6:52 pm
Wed May 6, 2015

About 500 Bills Survived Crossover Deadline

Lawmakers filed about 1,600 bills this session. About a third of them survived what’s called the crossover deadline. That’s when bills that don’t contain spending or taxes must make it out of either the House or Senate.  If they don’t, they fail for this year. 


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Business
3:56 pm
Wed May 6, 2015

BofA Board Members Retain Positions In Shareholder Vote

Shareholders re-elected Bank of America’s board of directors at today’s annual meeting despite intense opposition from two shareholder advisory firms. The opposition stemmed from the bank’s decision last fall to also make CEO Brian Moynihan the bank’s chairman. Many shareholders argued that should have been put up for a vote.

Shareholders also approved the board’s recent decision to drop Moynihan’s compensation package by a $1 million, to $13 million. All but $1.5 million of that is in company stock.

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Local News
9:32 am
Wed May 6, 2015

Don McSween Protected And Grew Charlotte's Trees For 33 Years

The trees along Tryon Street in uptown Charlotte.
Marshall Terry 90.7 WFAE

Charlotte is known for its trees. Its tree canopy covers about 47 percent of the city. Don McSween has been a big part of growing it. For 33 years, he was in charge of maintaining and protecting the canopy as city arborist. He just retired, and on his last day on the job, McSween invited WFAE's Marshall Terry to go with him to one of his favorite tree spots in Charlotte: the line of oaks that hover over Tryon uptown. There we talked about his time as arborist and how he got into the work.


Local News
6:19 am
Wed May 6, 2015

NC Health Dept. Cautions Against Drinking From Wells Near Coal Ash

After a battery of tests on private drinking water wells near coal ash ponds around North Carolina, health officials have cautioned many residents against drinking from those wells. But officials are hesitant to draw a link between contaminants in the wells and the nearby coal ash ponds.


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Local News
5:22 pm
Tue May 5, 2015

Charlotte Tosses Out 'Pay-As-You-Throw' Trash

A specially colored pay as you throw trash bag.
Credit WasteZero

Charlotte City Manager Ron Carlee Monday night recommended raising property taxes as part of his plan to make up for a large city budget gap. Carlee told City Council the bump of almost 2 cents per $100 of property value would bring in enough revenue to cover the cost of Charlotte’s residential trash service. So what does that mean for the “pay-as-you-throw” trash plan under deliberation last year? 


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Charlotte Observer
10:12 am
Tue May 5, 2015

Toll Contract Could Hinder New Free Lanes On Interstate 77

Some area officials were surprised that under the contract with i-77 Nombility Partners, the developer would likely collect dames if the state added two new general-purpose lanes from Exit 28 to Exit 36 at the lake.
John D. Simmons Charlotte Observer

The N.C. Department of Transportation’s contract with a private developer to build toll lanes on Interstate 77 includes a controversial noncompete clause that could hinder plans to build new free lanes on the highway for 50 years.

The clause has long been part of the proposed contract. But it was changed in late 2013 or early 2014 to also include two new free lanes around Lake Norman – an important $431 million project supported by local transportation planners.

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Local News
7:10 am
Tue May 5, 2015

Carlee Proposes Property Tax Raise, Service Cuts To Close Budget Gap

Ron Carlee
Credit charmeck.org

City Manager Ron Carlee has recommended the Charlotte City Council raise property taxes, as one part of a multi-faceted solution to deal with a budget gap larger than in any single year of the recession. But most homeowners would actually pay less, Carlee says.

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