My colleague Chris McLaughlin correctly noted in 2019 that “[s]ales taxes are, for the most part, a state government issue.”  The North Carolina Department of Revenue (“NCDOR”)—not North Carolina’s local governments—administers and collects sales and use taxes.  The North Carolina General Assembly—not North Carolina’s local governments—determines how NCDOR must distribute the proceeds of sales and use taxes.

My colleague Chris McLaughlin correctly noted in 2019 that “[s]ales taxes are, for the most part, a state government issue.”  The North Carolina Department of Revenue (“NCDOR”)—not North Carolina’s local governments—administers and collects sales and use taxes.  The North Carolina General Assembly—not North Carolina’s local governments—determines how NCDOR must distribute the proceeds of sales and use taxes.

Since 2005, the Local Government Budget and Fiscal Control Act (“LGBFCA”) has required finance officers of units of local government and public authorities in North Carolina to provide to their respective entities a “faithful performance bond with sufficient sureties in … Read more

Since 2005, the Local Government Budget and Fiscal Control Act (“LGBFCA”) has required finance officers of units of local government and public authorities in North Carolina to provide to their respective entities a “faithful performance bond with sufficient sureties in an amount not less than fifty thousand dollars.”  G.S. § 159-29(a); S.L. 2005-238, Sec.

Since 2005, the Local Government Budget and Fiscal Control Act (“LGBFCA”) has required finance officers of units of local government and public authorities in North Carolina to provide to their respective entities a “faithful performance bond with sufficient sureties in an amount not less than fifty thousand dollars.”  G.S. § 159-29(a); S.L. 2005-238, Sec.

UPDATE (3/3/23):  The North Carolina Supreme Court denied the Town of Boone’s Petition for Discretionary Review, filed on December 20, 2022. In an unpublished decision released on November 15 (Town of Boone v. Watauga County, 2022-NCCOA-778 (Nov. 15, 2022)), the … Read more

In an unpublished decision released on November 15 (Town of Boone v. Watauga County, 2022-NCCOA-778 (Nov. 15, 2022)), the North Carolina Court of Appeals rejected the Town of Boone’s challenge to the manner in which the proceeds of local option sales and use taxes are distributed in Watauga County.

In an unpublished decision released on November 15 (Town of Boone v. Watauga County, 2022-NCCOA-778 (Nov. 15, 2022)), the North Carolina Court of Appeals rejected the Town of Boone’s challenge to the manner in which the proceeds of local option sales and use taxes are distributed in Watauga County.

Which of the following proposed transactions require that the local government or public authority first seek approval from the State’s Local Government Commission (LGC)? 1.

Which of the following proposed transactions require that the local government or public authority first seek approval from the State’s Local Government Commission (LGC)?
1. The Town of Blowing Rocks borrows $1 million from a local credit union to make repairs to several of its administrative buildings that were damaged in a recent storm. The town grants a security interest in the buildings to the credit union and agrees to repay the loan, with interest, over 59 months. The town is not on the Department of State Treasurer’s Unit Assistance List.