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State Government
Average Teacher Pay Exceeds $50,000 In New State Budget PDF Print E-mail
State Government
By Administrator   
Thursday, 14 July 2016 16:04

Governor Pat McCrory signed the $22.5 billion state budget Thursday at a Union County elementary school. The budget includes an average 4.7 percent pay increase for teachers across the state, meaning that for the first time in state history, average pay will be more than $50,000 a year including local supplements by counties.

Public-school teachers will receive raises that vary based on experience and are targeted at mid-career teachers after a recent round of raises focused on entry-level teachers.

 

McCrory touted tax cuts for the middle class that he said will save them $132 million, tuition reductions at three N.C. colleges and investments in mental health and substance abuse programs.
 
The budget provides an income tax cut by raising the standard deduction from $15,500 to $17,500 over two years for a married couple. The standard deduction is the amount on which taxpayers owe no taxes if they don’t itemize their returns.
 
Tuition will drop to $500 per semester for North Carolina residents at Elizabeth City State and Western Carolina universities and UNC Pembroke, with the price set at $2,500 for nonresidents. A new policy across all UNC system schools will guarantee that students pay the same tuition price over at least four years.
 
The state has a projected surplus of $425 million, McCrory noted. He went on to discuss the advantages of building up a rainy day fund, which he called the “fiscally responsible thing to do.” The budget adds $475 million to that fund.
 
“Sooner or later, the economy is going to take a hit, and we better be ready for it. We’re building up a rainy day fund to 7-8 percent of the budget, and I’m proud of that. You don’t get political points for that,” McCrory said.
Last Updated on Thursday, 14 July 2016 16:09
 
DHHS - Patients Will Be Moved Into Cherry Hospital In September PDF Print E-mail
State Government
By Administrator   
Wednesday, 13 July 2016 09:17
Raleigh - Cherry Hospital staff will begin transferring patients to the new state-operated psychiatric hospital in Goldsboro in late September. The new Cherry Hospital will boost the number of psychiatric beds by 116 and add 373 jobs in months following the transition from the older facility by the same name.
 
The Department of Health and Human Services received a Final Acceptance from the State Construction Office for the new Cherry Hospital on June 24. Staff are working through a transition plan that includes staff training and setting up departments in the new hospital.
 
The new Cherry Hospital is a single-structure, three-story building approximately 410,000 square feet. It is located at 1401 West Ash Street in Goldsboro and serves individuals in 38 counties in the eastern region of North Carolina.
 
Last Updated on Wednesday, 13 July 2016 09:20
 
Gov. McCrory: Job Growth Fuels $425 Million State Budget Surplus PDF Print E-mail
State Government
By Administrator   
Tuesday, 12 July 2016 13:25
Governor Pat McCrory announced that for the third time this year, the State Budget Office has revised revenue figures upward above May projections by $95 million. The state is projecting a final revenue surplus of $425 million, mainly driven by more people working and earning more money. 
 
“North Carolina has posted record revenue surpluses driven by strong economic growth, job creation and responsible financial management,” said Governor McCrory. “At a time when neighboring states are revealing steep revenue deficits, North Carolina’s economy is firing on all cylinders.”
 
The state's strong economy continues to receive national recognition. North Carolina improved to the No. 5 Top State for Business by CNBC, up from No. 9 last year. Access to capital, workforce quality, and technology and innovation contributed to improving this year's ranking.
 
Under Governor McCrory, North Carolina has one of the fastest growing economies in the nation. Since 2013, unemployment is down in all 100 counties and the private sector has added more than 275,000 jobs.
 
Alcoa Reaches Deal To Sell Yadkin River Dams PDF Print E-mail
State Government
By Administrator   
Tuesday, 12 July 2016 13:00
Cube Hydro Carolinas LLC  has reached an agreement to purchase and upgrade four hydroelectric power plants located on the Yadkin River in North Carolina from Alcoa Power Generating Inc.
 
The four facilities, known as High Rock, Tuckertown, Narrows and Falls, total 215 megawatts (MW) and are expected to produce nearly 800,000 megawatt-hours (MWh) of clean electricity per year.
 
Dr. Kristina M. Johnson, CEO of Cube Hydro Partners and former Dean of the Pratt School of Engineering at Duke University, said, “We are excited to expand our presence into North Carolina to operate and upgrade the plants on the Yadkin River. We are committed to being good stewards of these well-run hydropower plants that have a long history of generating reliable, carbon-free electricity.”
 
Ray Barham, APGI Yadkin Relicensing Manager said, “Alcoa has a long history in North Carolina and we are grateful for the strong relationships we’ve formed over the years. We will continue to promote economic development opportunities at the Badin Business Park and are confident that Cube Hydro will build on our century-long legacy of generating clean, renewable energy and protecting the natural resources of the region.”
 
“We look forward to partnering with local communities as well as state and federal regulators to preserve the natural beauty of North Carolina and increase the clean electricity generated from these plants,” said John Collins, Managing Director for Business Development of Cube Hydro Partners.
 
Cube Hydro Partners owns and operates 14 plants in New York, Pennsylvania, Virginia and West Virginia with a total capacity of 126 MW and 470,000 MWh annually. When the Yadkin project and other pending acquisitions close, Cube Hydro Partners will operate 19 plants on ten rivers in five states with a combined capacity of more than 373 MW, generating 1.4 million MWh annually, or enough electricity to power approximately 140,000 homes with renewable energy.
 
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