This site is about the overreaching political power of the NC Association of Realtors flush with money from cashing in your equity 6% at a time, leaving you to pay for growth with property taxes, year after year, with or without cash flow. In the last few years NCAR has pumped millions of dollars into NC political campaigns at the state and local level. They have spent millions more to defeat Local Options for Local Governments with misleading ads.

Monday, July 30, 2007

NC Budget Approved

2009 Update:

It seems a lot of people are looking for the 2009 NC Budget and are ending up at this post. The 2009-01 budget had been approved by the NC House and Senate 8/5/09 and was signed by Governor Beverly Perdue 8/7/09. The official text of the budget bill, Senate Bill 202, and the related Money Report are available at ncleg.net . A related technical corrections bill, House Bill 836, passed 8/7/09 makes modifications to Appropriations based on passage of SB 202.

2008 Update:Link
It seems a lot of people are looking for the 2008 NC Budget and are ending up at this post, so here is a direct link:
New - Bill Text - House Bill 2436, 2008-2009 State Budget, signed into law 3:52 pm, July 16, 2008 as SL 2008-107

At 4:24pm the NC House gave a final vote to approve the budget that includes Local Options
At 4:29pm the NC Senate gave its final vote to approve the budget that includes Local Options

There was some ritual debate in the House, none in the Senate. The bill now goes to Governor Mike Easley for signing into law.

Also of note, the NC Home Builders PAC took in $175,767.50 in the first half of 2007 and spent $38,206.54 leaving it with $409,242.08 cash on hand.

UPDATE:
The Budget Bill was signed by the Governor on Tuesday July 31st. For the full bill go to:
House Bill 1473, State Budget, as enacted on 7/31/2007, S.L. 2007-323 (PDF Document 1171 KB)
or for financial synopsis:
The Joint Conference Committee Report on the Continuation, Expansion and Capital Budgets on House Bill 1473, July 27, 2007 (PDF Document 652 KB)

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