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.

Sales tax rates are not uniform across North Carolina’s 100 counties.  In some counties, the combined rate of sales tax is as high as 7.5%, while in others that rate is as low as 6.75%.  Why?  “Local option” sales taxes. … Read more

Sales tax rates are not uniform across North Carolina’s 100 counties.  In some counties, the combined rate of sales tax is as high as 7.5%, while in others that rate is as low as 6.75%.  Why?  “Local option” sales taxes.

Sales tax rates are not uniform across North Carolina’s 100 counties.  In some counties, the combined rate of sales tax is as high as 7.5%, while in others that rate is as low as 6.75%.  Why?  “Local option” sales taxes.

Marty McFlight is a Washington D.C.-based business consultant who travels to Raleigh once per month.  In August, Marty flew from Washington to Raleigh-Durham International Airport (“RDU”) for a day-long visit to his client’s Raleigh headquarters.  For his subsequent September client … Read more

Marty McFlight is a Washington D.C.-based business consultant who travels to Raleigh once per month.  In August, Marty flew from Washington to Raleigh-Durham International Airport (“RDU”) for a day-long visit to his client’s Raleigh headquarters.  For his subsequent September client visit, Marty took an Amtrak train from Washington to downtown Raleigh’s Union Station.  On each trip, he used an online ride-sharing service (Uber) to travel from the airport or train station to his client’s headquarters.

Marty McFlight is a Washington D.C.-based business consultant who travels to Raleigh once per month.  In August, Marty flew from Washington to Raleigh-Durham International Airport (“RDU”) for a day-long visit to his client’s Raleigh headquarters.  For his subsequent September client visit, Marty took an Amtrak train from Washington to downtown Raleigh’s Union Station.  On each trip, he used an online ride-sharing service (Uber) to travel from the airport or train station to his client’s headquarters.

As detailed in previous posts, the American Rescue Plan Act of 2021 Coronavirus State and Local Fiscal Recovery Funds (ARP/CSLFRF) allows local governments to spend their allocations on eligible projects within four major expenditure groupings:

Rental units, be they long-term rentals owned by institutional investors or short-term rentals on platforms like Airbnb, represent a growing share of North Carolina’s housing stock.  This is true in big cities like Charlotte, where corporate landlords have purchased tens … Read more

Rental units, be they long-term rentals owned by institutional investors or short-term rentals on platforms like Airbnb, represent a growing share of North Carolina’s housing stock.  This is true in big cities like Charlotte, where corporate landlords have purchased tens of thousands of houses and now own 5% of all residential properties.  It’s also true in rural areas like Transylvania Co