Networking
with NCCBI
Max Lennon of Mars Hill College and Pat and Russ
Ingersoll of Christ School chat during an NCCBI
membership event in Asheville last week. Story,
more pictures from networking events. |
Top Story
House plans a
budget with no tax increases
House
budget writers said Wednesday that they plan to accomplish
what the Senate said was impossible: draft a state budget for
the coming year that doesn’t raise taxes and doesn’t slash
spending on human services. Many observers were skeptical
whether the House could achieve 100 percent of that goal and
said the stance largely reflects the sharp political divisions
in the chamber. Read that
story.
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Budget shortfall climbs to
$782 million
North Carolina’s budge shortfall swelled by $78.6
million in May and now stands at $782.2 million through 11
months of the state’s fiscal year, according to fresh
figures from the State Controller’s Office. More
than half of the shortfall can be traced to
less-than-predicted individual income taxes, with similar
deficits in corporate income and sales taxes. Total collections for May were
$248 million below the same month last year. Story,
chart
Legislative News
State law
changed to help Wachovia-First Union merger
The
House and Senate rushed to the defense of Wachovia and First
Union by passing a bill to change state law in such a way that would
be nearly impossible for Sun Trust Bank of Atlanta to
call a meeting of Wachovia shareholders. Elsewhere in the
General Assembly:
 House panel
approves toll roads legislation
DOT cash
management study bill advances
House votes to
allow red-light cameras in Raleigh
Read all of those stories and
more
Get updated on dozens of committee actions and floor votes
State
Government News
 Labor
Department repeals
rule on excessive job absences
Labor Commissioner Cherie Berry
(left)
has scrapped a department regulation that many business owners
have complained about for years – that you can’t say in
your personnel manual that someone will be fired for excessive
absences, usually stated as so many days in six months and a
year. The so-called
“6/12” policy was enforced by the state Labor Department
under workers' comp law and the Retaliatory Employment
Discrimination Act (REDA). Read
that story and other news from state government agencies.
Economic
Development
Maker of
turbochargers expands in Asheville
BorgWarner Turbo Systems, a
leading designer and manufacturer of turbochargers for the
passenger car and commercial vehicle markets, has selected
Asheville for its new North American Headquarters and
Technology Center. Read that
story.
Check the NCCBI
master calendar of meetings and events you may want to
attend.
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