Latest news with #NorthCarolinaHouseofRepresentatives
Yahoo
22-05-2025
- Business
- Yahoo
NC House passes $65 billion GOP-drafted budget proposal
RALEIGH, N.C. (WNCN) — Thursday, the North Carolina House of Representatives passed the 65 billion-dollar 2025 Appropriations Act. The third and final vote amongst the House was 86-20 in favor of the budget proposal at a packed General Assembly in downtown Raleigh. The House has debated this bill all week, with Democrats attempting to make dozens of amendments to the Republican-drafted budget. Governor Josh Stein said in a statement Wednesday that the budget is not perfect. 'Importantly, the House budget cuts taxes for working families while recognizing that North Carolina is a growing state and reduces personal income tax rates after this year only when the economy is growing.' One attempt that failed was to lower the corporate tax rate if and when the personal income tax rate is lowered. Another rejected attempt was an amendment to keep money in a fund for Medicaid recipients in lieu of any potential federal cuts to the medical assistant program. Now, the 2025 Appropriations Act will move on to the Senate for its vote of approval. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
26-02-2025
- Business
- Yahoo
NC House passes $500 million Helene Relief Bill
RALEIGH, N.C. (WNCT) — The North Carolina House of Representatives passed House Bill 47, known as the 'Disaster Recovery Act of 2025,' with strong support Tuesday, Feb. 25, 2025. House Bill 47 allocates $500 million for Hurricane Helene relief efforts in Western North Carolina, bringing total relief funding from the General Assembly to more than $1.1 billion. Key funding provisions include: $140 million for rebuilding and repairing homes $150 million to assist farmers and restore farmland $100 million for repairing private roads and bridges $55 million for small business infrastructure grants $20 million to remove millions of cubic yards of debris $10 million to support essential volunteer organizations $10 million for volunteer fire departments $10 million for rental assistance $5 million for travel and tourism marketing 'Ensuring Western North Carolina recovers swiftly and responsibly remains our top priority in the House. For that reason, House Bill 47 is the first legislation voted on and approved this session,' Speaker Destin Hall said. 'I am proud of the work the House Select Committee on Helene Recovery, our Western NC delegation and others accomplished to pass this crucial legislation, and I'm encouraged by the overwhelming support it received today.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
