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Your
membership newsletter for May 2002
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In
the Courts
Divided N.C. Supreme Court tosses
out legislative redistricting maps.
Legal
Issues
In a landmark ruling, the N.C.
Court of Appeals upholds cap on punitive damagesNCCBI
News
Association joins Coalition for a Sound Dollar to help manufacturers.
State Government
Jobless rate jumps to highest level in 18 years, but ESC finds plenty of
job openings available.
Federal
Issues
Bush Administration unveils business-friendly ergonomics program.
Names
in the News
Cancer claims life of
Senate Majority Whip Luther Jordan.
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Resources
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NCCBI
opposition to higher taxes pushes
legislature to whittle next year's spending
With
NCCBI coming out squarely against higher taxes, leaders in the
General Assembly now seem firmly committed to cutting spending
or taking other steps to balance next year’s budget. A tax increase wasn’t on the table when members of the
General Assembly’s six budget-writing subcommittees
assembled in Raleigh to eyeball spending for the fiscal year
that begins July 1.
A few days before the lawmakers
came to Raleigh, NCCBI announced its no-new-taxes position
following a vote on the issue by the Executive Committee.
"Our belief is that the very best way to fix the budget
shortfall is to reduce spending," NCCBI Chair Jim Hyler
said. "Any
tax increase now will make an economic recovery harder to
achieve." Read the complete
story. Read the
NCCBI press release.
No
'April surprise' to dilute red ink in current budget
As
work gets under way on closing the gap in the state budget for
the coming fiscal year, officials are taking steps to make
sure income matches outgo in the final months of the current
year. There was more bad news on that front when it was
learned that the state probably won’t have an “April surprise”
this year.
That means the revenue shortfall for the year ending June 30
likely will be on the high end of previous estimates that put
the gap at between $950 million and $1.2 billion. Story,
detailed chart.
Alan Hirsch, Gov. Easley's policy director, briefs members of
NCCBI's
Environmental Concerns Committee on the new clean air
agreement
New
version of clean air bill emerges from talks
The
business community seems genuinely interested and eager to
learn more about an agreement hammered out by Gov. Mike
Easley, the chair of the state Utilities Commission, the
utilities commission’s Public Staff and the state’s two
utilities to dramatically reduce air pollution from coal-fired
power plants without increasing electricity rates for
consumers.
Read the
complete story.
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