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Budget & Taxes

Batch backtracks on Medicaid rebase

Senate Democratic Leader Sydney Batch, D-Wake, has walked back her caucus’s support of the Medicaid rebase bill that it has already voted in favor of passing. She put out a letter on Friday asking the Senate’s Republican leaders to pull back the bill and rewrite it to drop three of...

By Ray Gronberg

April 27, 2026

Duke paid no federal income tax in 2025

Duke Energy and three other large, North Carolina-headquartered corporations paid no federal income tax in 2025, a Washington-based advocacy group says. A common thread linking them and 84 other prominent companies, the Institute on Taxation and Economic Policy says, is that many rely on depreciation-related tax breaks. Congress expanded these last...

By Ray Gronberg

April 22, 2026

House panel shelves hospital-taxation proposals

The House’s property tax committee wrapped up its pre-session work on Wednesday without offering any endorsement of the idea of reeling in some of the tax breaks the state gives hospitals. Members endorsed the idea of putting a constitutional amendment on the fall ballot that, if voter-approved, would require the...

By Ray Gronberg

April 22, 2026

Pew frets about state reserves

North Carolina’s primary rainy-day fund had $3.6 billion as of last summer, which would fund about 42 days’ worth of state spending, a drop-off in reserves that parallels national trends, the Pew Charitable Trusts say. The state is two years — and a devastating hurricane — down the road from...

By Ray Gronberg

April 15, 2026

Stein calls for changes to data-center tax incentive

Gov. Josh Stein wants legislators to consider modifying or repealing a 20-year-old tax break North Carolina gives the operators of some data centers. Existing law gives them an exemption from state and local sales taxes on their power purchases and equipment. State Commerce Department officials estimate that it’s already costing...

By Ray Gronberg

April 9, 2026

Treasurer: Rocky Mount on “extremely short leash” over finances

Local Government Commission members say Rocky Mount’s financial troubles stem from a bad culture that started at the top, with the city’s elected officials. They agreed Wednesday to warn the city that it’s at risk of having the commission take over its financial affairs and is on what State Treasurer...

By Ray Gronberg

April 2, 2026

LGC to scrutinize Rocky Mount, Littleton

Local Government Commission members intended to grill officials from Rocky Mount and Littleton Wednesday afternoon on why they haven’t been able to get their municipal finances in order. The situation in both is to the point that State Treasurer Brad Briner’s office has warned them the LGC could end up...

By Ray Gronberg

April 1, 2026

Is Cabarrus County a property-tax outlier?

It was a bit eye-catching earlier this month when the Locke Foundation, advocating for a levy limit on property taxes, said the biggest increase in the local tax burden over the past decade occurred in ruby-red Cabarrus County. As this is not what people generally think happens in Republican-run counties,...

By Ray Gronberg

March 31, 2026

State fiscal forecast: cloudy

Legislative and executive-branch fiscal forecasters say they anticipate the state will collect $34.7 billion in general-fund revenues in fiscal 2026-27, about 1% less than what they think the state’s likely to collect by this summer. In dollar terms, that’d be $360 million less than in fiscal 2025-26, which nonetheless is...

By Ray Gronberg

March 25, 2026

Justices allow class-action challenge to Raleigh fee

tate Supreme Court justices have rejected Raleigh’s bid to avoid a class-action lawsuit from real-estate developers who want compensation for what they allege was an illegal water and sewer fee. Speaking for a 6-0 court, Justice Anita Earls rejected the city’s contention that the case didn’t merit class-action status because...

By Ray Gronberg

March 23, 2026

House panel set to vote in April on bills reducing hospital tax breaks

House leaders seem serious about the idea of cutting back on two key tax breaks for North Carolina’s nonprofit hospitals. Bills pending in the chamber’s Select Committee on Property Tax Reduction and Reform could combine to cost hospitals about $200 million a year, legislative staffers say. One of these would...

By Ray Gronberg

March 19, 2026

State Health Plan still battling deficit projections

New estimates are once again predicting that the State Health Plan faces a deficit in the not-too-distant future. Plan executive administrator Tom Friedman’s briefing of trustees on Tuesday shows its cash balance dropping into negative numbers by the middle of 2027. “We’re candidly never going to be done having to...

By Ray Gronberg

March 18, 2026

Mayor defending Rocky Mount casino-site deal, despite audit

Rocky Mount’s mayor is defending the city’s acquisition of a prospective casino site in 2023, even though State Auditor Dave Boliek’s staff says the purchase helped put the city in a financial hole. “This land makes a big difference in terms of creating live, work [and] play environments within the...

By Ray Gronberg

March 16, 2026

Legislative quandary: Paying for the ferry system

Among the many questions that’s hanging fire amid the House-Senate budget deadlock is the future of North Carolina’s coastal ferry system. The chambers roughly settled on a package of capital aid for the system, the Fiscal Research Division’s Aaron Cornell told members of the Joint Legislative Transportation Oversight committee earlier...

By Ray Gronberg

March 9, 2026

Berger proposes freezing tax values for a year

Senate leader Phil Berger, R-Rockingham, says he’s going to file a bill in April that would “halt all property tax revaluation changes for 12 months” while legislators study broader changes to local-government tax law. Announced on Friday, the proposal would interrupt the property valuation cycles of Guilford County and other...

By Ray Gronberg

March 2, 2026

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