taxes

Politics
6:03 pm
Wed June 10, 2015

Rural Counties Top Urban In Sales Tax Distribution In NC Senate Tax Plan

The North Carolina Senate Chamber
Credit Government & Heritage Library, State Library of NC

North Carolina Senate leaders have unveiled their new plan to overhaul how the state distributes sales taxes and provides tax incentives to businesses. It gives a bit of ground from a March proposal that drew outcries from the governor, House lawmakers, the Charlotte Chamber, and city officials, but still contains the key elements of that earlier proposal. That includes a big hit to Mecklenburg County’s budget. 


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Business
2:49 pm
Fri April 24, 2015

Record Profits At American Airlines As They Seek NC Tax Cap Extension

Credit American Airlines Group

American Airlines announced their first quarter profits Friday. And they were a record $932 million. It’s great news for the airline and their stockholders and certainly noted by North Carolina lawmakers. 

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Local News
4:55 pm
Mon April 20, 2015

Another Gas Tax Plan In NC House

Credit Jenn Durfey / Flickr

The top state House lawmaker on transportation issues has introduced a new bill to change how much customers pay in taxes at the pump. It’s at least the fourth proposal in as many months.


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Local News
8:59 am
Thu April 9, 2015

Council Considers Trims And Taxes To Fill Budget Hole

Charlotte’s City Council is looking at ways to fill a gaping hole in the budget. Last night, city manager Ron Carlee presented options from trims to tax raises.

City leaders have said the upcoming budget hole is worse than any single year of the recession. But instead of a flailing economy, it’s due to state tax changes and Mecklenburg County’s property tax revaluation redo.

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Local News
1:44 pm
Tue March 10, 2015

NC Tax Revenues Still Down But Not As Much

North Carolina's gap in tax revenue compared to the year before keeps getting smaller. The Office of the State Controller reported Tuesday that tax revenues are still down though.

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Local News
8:05 pm
Wed February 11, 2015

NC Senate Passing Gas Tax Raise As A Cut

A chart of changes the bill will cause to gas tax revenue (higher revenue also means a higher gas tax) this fiscal year, and over the next four, based on data from the North Carolina General Assembly's Fiscal Research Division. All numbers in millions.
Credit Ben Bradford / WFAE

Republican sponsors called it a tax cut, but a bill awaiting one final vote in the North Carolina Senate would ultimately raise the tax. And, those same sponsors are counting on the revenue it will bring in.

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Local News
5:37 pm
Wed February 11, 2015

Here's Some Context On NC Tax Revenues Through January

Credit Alan Cleaver / Flickr

A report from the state controller Wednesday shows North Carolina's tax revenues are down $477 million compared to the same period a year ago. 

The $477 million represents a 4 percent drop in tax revenue. That's actually an improvement from a few months ago, when the state was down 6 percent.

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Local News
5:03 pm
Thu November 13, 2014

NC Tax Revenue Down Through First Third Of Fiscal Year

Credit Alan Cleaver / Flickr

North Carolina's tax revenues are down almost $400 million compared to the same period last year. That's according to a report the Office of the State Controller released Thursday on the first four months of the state's fiscal year.

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Local News
10:11 am
Mon March 3, 2014

Hickory City Council Dines And Talks Taxes In Charlotte

Hickory City Council members discuss whether to seek voter approval for a 20-year $40 million bond referendum to renovate public spaces in Hickory.
Tasnim Shamma

The Hickory City Council conducted business last week ... in Charlotte.

They were in town for a retreat that focused on whether to seek a tax hike for a project to renovate and redesign the city’s public spaces by improving existing parks and building greenways in Hickory.


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Politics
3:01 pm
Thu January 30, 2014

Fuller: No Tax Hike; Calls For Poverty Task Force

Mecklenburg County Commission chairman Trevor Fuller says the county is fixing problems with the its mental health agency MeckLINK, the 2011 botched property tax revaluations and internal political turmoil: "In short, we are getting our house in order."
Credit Tasnim Shamma

Mecklenburg County Commission Chairman Trevor Fuller says he doesn't want to raise taxes this year because the county expects to see a surplus in revenue from construction and other growth.

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