North Carolina Economic Report Highlights $150 Million Revenue Surplus, ‘Solid Employment and Wage Growth’

In the most recent N.C. Consensus Revenue Forecast, the Tarheel state boasts a revenue surplus of $150 million as well as “solid employment and wage growth.” “Results for the public and private sector are what really matter,” State House Speaker Tim Moore (R-District 111) said in a statement. “People are paying lower taxes in North Carolina and benefitting from a smart approach to state government and economic growth.” Highlights from the report: General Fund revenue is expected to increase by $1.7 billion and reach $25.8 billion by the end of FY 2020-21 Consistent, solid economic growth will continue throughout the upcoming biennium FY 2018-19 collections are expected to be above the budgeted amount by $150.8 million (0.6%) Stable, modest growth is expected to continue during the upcoming biennium General Fund revenue is forecast to increase by 2.2% over the amount collected in FY 2017-18 Employment should increase during both years of the 2019 biennium The state’s economy has made steady gains since the end of the Great Recession in 2009 by adding 75,000 to 95,000 jobs per year Strong sales tax growth; Partial credit is given to the June 2018 U.S. Supreme Court ruling (Wayfair) about online sales tax collection…

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Wake County D.A. Clears North Carolina House Speaker Moore in Inquiry of Bail Group, Durham Business

The Wake County District Attorney has dismissed a complaint against the North Carolina House Speaker Tim Moore as well as allegations made against the speaker in an anonymous letter. “Over the past few months the State Bureau of Investigation, at the request of the Wake County District Attorney, has conducted an inquiry into payments made by the NC Bail Association and pharmaceutical company KNOWBio to North Carolina Speaker Tim Moore,” Freeman said Monday in a statement. “Following this review, we have determined that these fees were for legal services paid to Mr. Moore in his capacity as an attorney,” said Freeman. “This review found no misuse of public office for private gain or other wrongdoing as to these payments and we, therefore, are closing the inquiry into this matter without further action,” Freeman said. “Unfortunately, deceptive and politically motivated criticisms seem to be the norm in our current political climate,” Speaker Moore said in response to the end of the inquiry. “I appreciate the careful and professional way the District Attorney and the SBI handled the anonymous allegations that were made against me,” said Speaker Moore. I appreciate the confidence that North Carolina voters have placed in me and I…

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North Carolina Posts $188 Million Surplus; Sixth One in a Row

North Carolina has posted a revenue surplus of $188 million, according to a new state economic report, making it the sixth such surplus in a row. The report, produced by the North Carolina Fiscal Research Division, says that “the economy is stronger now than it was a year ago,” and that the data suggests the state’s economy “is growing at a steady, solid pace.” “Our state’s excellent economic reports reflect a rising quality of life for families and businesses in North Carolina as a result of our commitments to their priorities,” North Carolina Speaker of the House Tim Moore said in a press statement. “The General Assembly must maintain our proven economic approach to creating opportunity and prosperity for millions of North Carolinians,” Moore said. According to the economic report, the “collections from corporate taxpayers are a big reason why overall collections are 1.9 percent ahead of target.” Corporate income and franchise taxes together are “$82.9 million above the 6-month target.” The report also stated that corporate income tax collections are up 16.5 percent from last year. The report takes the wind out of the tax rhetoric that has come from Democratic Gov. Roy Cooper, who within days of first…

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North Carolina Speaker Invites President Trump to Deliver State of the Union in Raleigh

Raleigh, North Carolina — Speaker of the North Carolina House Tim Moore has invited President Trump to deliver his State of the Union (SOTU) remarks in Raleigh. Moore’s invitation comes on the heels of the U.S. Speaker of the House Nancy Pelosi canceling the President’s SOTU speech. “Dear Mr. President,  It is my sincere pleasure as the Speaker of the North Carolina House of Representatives to invite you to deliver your second State of the Union Address in our chamber of this state’s General Assembly,” wrote Speaker Moore. Today I extended an invitation to President @RealDonaldTrump to deliver his second State of the Union address in the chambers of the North Carolina House of Representatives. https://t.co/e6Ano6ohJ5 #ncga #ncpol — Speaker Tim Moore (@NCHouseSpeaker) January 18, 2019 “The majestic character of our state House chamber and the splendor of North Carolina’s breathtaking landscapes are a fitting venue to deliver your second State of the Union address,” Moore wrote. Speaker Moore wrote to President Trump that he is always welcome in North Carolina and that in the past, President Bill Clinton had given an address at the North Carolina General Assembly. “The President of the United States is always welcome in the Old…

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David Brock Backed Progressive Org Files Second Ethics Complaint Against North Carolina’s Tim Moore

The Campaign for Accountability (CfA), a Washington, D.C. non-profit, filed a second ethics complaint Monday against North Carolina’s Speaker of the House Tim Moore after their first one was dismissed. The first complaint filed by CfA was dismissed on December 28, 2018, mainly because it failed to prove Moore knowingly used his position to leverage financial gain. The second CfA complaint claims to contain “new documents” and questions the findings of the North Carolina Ethics Commission. CfA’s hints at impropriety by one of Speaker Moore’s legislative aides, Mitch Gillespie, who “intervened” in the case by seeking a status report about tank cleanup issues. “New documents obtained by Campaign for Accountability reveal that one of Speaker Moore’s legislative aides inquired with DEQ officials about Speaker Moore’s company after it apparently violated several environmental regulations,” CfA Executive Director Daniel E. Stevens said in a statement. “The documents indicate that yet again Speaker Moore appears to have attempted to use his official position to enrich himself. North Carolina officials should immediately investigate whether Speaker Moore directed his aide, a former DEQ official, to contact the agency on his behalf,” Stevens’ statement said. These new documents, according to CfA, were obtained on November 29,…

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