Data from the last ten years of county and municipal elections in North Carolina reveals that voters rarely reject proposals to issue general obligation (“GO”) bonds at the ballot box. From November 2012 through and including November 2022, North Carolina voters approved 202 of the 213 (94.8%) county and municipal GO bond referenda put before them. Out of a proposed issuance volume of approximately $14.592 billion, voters authorized counties and municipalities to issue up to $14.376 billion in GO debt (or 98.5% of all GO bond a
As detailed in previous posts, North Carolina counties and municipalities received funding from the American Rescue Plan Act of 2021 Coronavirus State and Local Fiscal Recovery Fund (ARP/CSLFRF). This federal grant funding has afforded local governments opportunities to make transformational investments in their communities.
The Fiscal Responsibility Act of 2023 (FRA), signed into law by President Biden on June 3, 2023 includes changes to two social services programs administered by county governments in North Carolina – the Supplemental Nutrition Assistance Program (SNAP) and Temporary … Read more
The Fiscal Responsibility Act of 2023 (FRA), signed into law by President Biden on June 3, 2023 includes changes to two social services programs administered by county governments in North Carolina – the Supplemental Nutrition Assistance Program (SNAP) and Temporary Assistance for Needy Families (TANF) program. The information in this post may be helpful to local practitioners who work with these programs directly, serve the affected populations in other ways, or who wish to better understand how the changes ma
The Fiscal Responsibility Act of 2023 (FRA), signed into law by President Biden on June 3, 2023 includes changes to two social services programs administered by county governments in North Carolina – the Supplemental Nutrition Assistance Program (SNAP) and Temporary Assistance for Needy Families (TANF) program. The information in this post may be helpful to local practitioners who work with these programs directly, serve the affected populations in other ways, or who wish to better understand how the changes ma
Aimed primarily at new residential developments, the “builders inventory” property tax exclusion (GS 105-277.02) arrived in 2015 and is becoming more popular across the state with each passing year. While I’ve previously blogged about the basics of this exclusion here … Read more
Aimed primarily at new residential developments, the “builders inventory” property tax exclusion (GS 105-277.02) arrived in 2015 and is becoming more popular across the state with each passing year. While I’ve previously blogged about the basics of this exclusion here and
Aimed primarily at new residential developments, the “builders inventory” property tax exclusion (GS 105-277.02) arrived in 2015 and is becoming more popular across the state with each passing year. While I’ve previously blogged about the basics of this exclusion here and
As detailed in previous posts, all NC counties and municipalities received federal grant funding from the American Rescue Plan Act of 2021 Coronavirus State and Local Fiscal Recover Fund (ARP/CSLFRF). There are detailed expenditure guidelines, and compliance and reporting requirements for these grant funds. A local government’s auditor plays an important role in monitoring compliance with these requirements and flagging any issues during the annual audit process.
State law requires North Carolina counties to administer and provide a number of social services and public assistance programs described in Chapter 108A of the North Carolina General Statutes, including (among others) Work First, Food and Nutrition Services, Medicaid, child … Read more