House Strengthens Savings Reserve Requirements in Bipartisan Vote

Raleigh, N.C. – The North Carolina House of Representatives voted 110 to 3 on Wednesday to pass House Bill 7 Strengthen Savings Reserve.

The legislation is part of an ongoing effort by Republicans in the North Carolina General Assembly to save responsibly and prepare the state for potential emergency funding or disaster recovery needs. Continue reading “House Strengthens Savings Reserve Requirements in Bipartisan Vote”

Gov. Cooper Opposed Savings Required by Budget Committee

Raleigh, N.C. – The North Carolina House Appropriations Committee passed House Bill 7 ‘Strengthen Savings Reserve’ on Thursday to require state lawmakers store funds in a savings reserve every fiscal year.

Democrat Gov. Roy Cooper opposed the savings account last year, criticizing Republicans for “building up the rainy day fund in excess of what’s necessary for the state.” Continue reading “Gov. Cooper Opposed Savings Required by Budget Committee”