A searchable audio archive from the 2013-2016 legislative sessions of the North Carolina General Assembly.

searching for


Reliance on Information Posted The information presented on or through the website is made available solely for general information purposes. We do not warrant the accuracy, completeness or usefulness of this information. Any reliance you place on such information is strictly at your own risk. We disclaim all liability and responsibility arising from any reliance placed on such materials by you or any other visitor to the Website, or by anyone who may be informed of any of its contents. Please see our Terms of Use for more information.

Senate | July 21, 2014 | Committee Room | Finance

Full MP3 Audio File

Call the meeting to order please. While the other members are taking their seats we will do the housekeeping or housecleaning, whichever it may be. Our pages this evening… Have our pages already checked in? Okay yes you’re welcome. Our pages, Marika Samuelson from Selma representing Senator Robinson. Alton Gaton, Riley, Senator Blue. Nichols Kroll, Holly Springs, Senator Apodaca. I believe you were with us last year weren’t you? [SPEAKER CHANGES] Mr. Chairman. [SPEAKER CHANGES] Welcome back. [SPEAKER CHANGES] Mr. Chairman [SPEAKER CHANGES] And … [SPEAKER CHANGES] Mr. Chairman [SPEAKER CHANGES] Haley, yes? [SPEAKER CHANGES] I’d like to call for the vote. [SPEAKER CHANGES] Thank you Senator. [SPEAKER CHANGES] The ayes and the nays. [SPEAKER CHANGES] [laughs] Thank you Senator. I got the ?? in just a second, Thank you. Hey there ?? representing Senator Stein. Would you like to vote in Senator Stein’s proxy tonight? [SPEAKER CHANGES] We will suspend the rules. [SPEAKER CHANGES] Welcome. AK Sergeant at arms staff is Steve McKregg, Ernie Shell. Isaac Walker and Billy Citron. Welcome. We welcome you all. We have a few more members coming in if there’s anyone from the public who cares to speak tonight if you would sign up please so that we can call you forward. This evening’s agenda is going to be one bill only and that is PCS of house bill 1224 and we will not vote this bill out tonight but if we were I would have certainly gone ahead and voted it Senator Stein. So it will be just for discussion but we would like to hear from everyone and vet it firmly and hear from the public so if the public would sign up please. Thank you. We got a little hold up across the way. I think someone told the republican, the senate republican that it was raining and they’re trying to figure out how to get over here but they will be here shortly so we’ll just stand at ease until they get here. Ladies and gentlemen we will come back to order now. Members of the committee as I said earlier the only bill we have before us tonight is a proposed committee substitute for house bill 1224. The chair will entertain a motion to hear the proposed committee substitute. All those in favor please say aye. [SPEAKER CHANGES] Aye [SPEAKER CHANGES] Opposed? Okay. Senator Gun, PCS please for house bill 1224. You have the floor. [SPEAKER CHANGES] Thank you Mr. Chair. This is just a very simple bill. A lot of technical clarifying [SPEAKER CHANGES] [laughter] [SPEAKER CHANGES] Would be funny Josh you gotta laugh. Great to be here. Let me start by… just to save time. The three job proponents of this which had to do with JMack and the job CAD listing, JDig, remain the same. If you have questions as we open up the dialogue we certainly will try to answer those at that time but just so you know, I’m going to skip that as far as any type of explanation. We have added as part of the PCS what I think is a dynamic job creating part of this bill and it has to do with crowdfunding. Crowdfunding is becoming a great mechanism to raise private capital with a lot of people giving a little bit of money and where this money is now being used is some of your startup companies, your tech sector, research triangle areas, even your mom and pop operations. It allows a small amount of money using security, federal laws but relaxing those a little bit for your federal security laws and what crowdfunding will do as a point of explanation is the following…but I do really believe as we continue to look at job creating legislation and also as we have discussed time and time again…

care of your show of unity and the designer ?? ?? ?? ?? ?? care of money shows, defended the use of the smaller sale time, to having a serious have the issue of your animal control fund money is roughly Males will time serving the role of the small companies to find the source of funding to have no other of resources and unclear on the able to land of cold air of your other business and hopefully create jobs very quickly this as a runtime injuries the laundry, the less you can't ask for not being here tonight only use in Charlotte had a conflict from the video 351000 seymour's time and we have several isolation from politicians 19 home use of a scenario I never offline mail call an insurer must become a constituent loss to North Carolina business the investor must be a North Carolina rest time they can raise up to eight million dollars and 12 months. Without: financials is made of data from New Orleans is becoming more experience time zone is a mental thing result of two million dollars various investor cap worn on accredited investors in a few more and not occur in the past month as a nation time, as the more than $2000 into this predicament ventured out if you're an incredible pressure and ½ are as bad as of one time. The service of the system of firewall securities and you can put significantly all your money into the forest of Arizona: open for the requirements of time for the reports on small investors from the losses, so miserable summation over eight times when information on all if you're going to solicit one thing on time and the finale Sunday or Monday for months as Wall Street of the funeral for all of the art of law at the following this is the Styron is ready for an agency called you also were required like you would expect in the fight one of securities owned by policies on the securities you have to communicate this the same year record of commuting run your business fires and shows the user finds this rivalry offering time for showing investors will be require them to stop, and knowledge that they have received this closure: about the various small investment and then gets on base in terms of the submissions to reason that the car ID 80 four for that he chaired the firewall because of the jury Tuesday in the market today, the times of us 188543 Folsom state of North Carolina of this about $2.00 a share for the media since all of all four months later she only three states are more I'm enacted activity of 1001 EPS owners to the house with a volatile 103 times in a blue shirt maker of like the shoulder of the center console/and coming off a question for refrigeration won't have much time as the ultimate with a possible attack. The student event that was it down to the auburn the sales tax on small portion of the legislation time all action we all wanted and all home state or a smaller sales so I'm also the county of nongovernmental entities of paper were here today to give you want when I think it's a time safe area. The flexible toll to hopefully they'll want authentication and resource on client also the time an option to use of these resources of one day in various ways redefine sign or transportation office will still have a shorthanded goal percent cap that an hour to try: if a party of the housing assistance when the two statehouses one or if you're in town and is currently at 2% if you have the option of all for the Seattle art museum in more transit ?? ?? ??...............

are you use it all for education. additionally, you will have. I think this is not uncommon. the sooner s found in May. the other day you will have the option to split that a quarter for education and a quarter for transit. additionally, you can also do a God take that have stamped and you can do it for general purposes, a quarter and education are you can do it for general purpose and transit, but you cannot do it just for general purpose so what you're going to want to use a quarter of that for general purpose you need to Todd that are attached to either the transportation or RD are missing the transit art or the education now owned a [SPEAKER CHANGES] general purpose just like the system involves the weather strategies now you you you have flexibility in how you use that course, a general purpose of the only thing that we will restrict you as we would not want you to take the general-purpose and turn around and use it also for education or for transit, but we talk about transportation you are allowed with that general purpose to use it for any number of things that the schedule allows, including transportation, all that is my very quick synopsis of how this has changed job from the other day there I guess there is not. I think I'm right in saying this on no rhinitis in perpetuity. where were not a sunset are or or caffeine on any of these of this one like it was before. so at that time, [SPEAKER CHANGES] Mister chair, I be more than happy to open it up. the question for either snap floor discussion among members or orphans. okay, let's discuss about funding portion first numbers of him questions and comments on the California abortion bill server Hartzell, I don't have my glasses so I can read this, as well as online genitive in the hundred days writer debasing the but I've been noticing you the ten thousand captives for you individuals does that mean real people at work are just normal people must say that I formed our knock on LLC with every additional person or not. I think atmosphere that was a regular visitor question regularly. I don't often read to set up, read and think about it all on now is the time it was two thousand miles for individuals. individuals in accredited investor on and so whether you could you think the question is, could somebody from around exemptions. the secular statistics must promulgate rules on that would be another place to fill in some of the wine sector state on probation rules minority of the rule making took on a common force to deal with some of those issues. it just boils down to follows from the default found that he has an LLC additional individual a progressive search because it• [SPEAKER CHANGES] I I know you ain't in committee. this don't have the language interviewing with new market tax credits. a whole funding piece. I didn't hear you summarize and I didn't see it covered in summary, could you elaborate more on that of the this particular of the deed of surrender on the day commerce was very funny bill and the new Marty's burial of this one seemed to be one where we were young him, I was not alone this summer as we worked to thought it was real clean immediately thought this was a good time to attach this B oh two, the other job creating bills that that you have before you best not to say that we're on the dialogue of children will continue on new markets, but we go. I just include part of the deal that was placed real nicely and would you have run up a quick follow-up services you anticipate that going back to make sure session. I resent selling it, we review the loan session. the next year. I live nearby as a value of color have the finger. this committed within certain questions of them as relations and regulation of markets, although we were continue to have dialogue about again input. even if the swelling and in both one were doing and sure are long, but God 's eye. I just buy again and I'll am committed to continuing to move the bill with appropriate

tax credit as an additional questions than answers only the MSI mail order, issued a note that the-art of the time they were others in the South Carolina in the public use the foot of water that a sales manager to our own asset account of the sales tax and someone has no interest in the third for time about the issue and the signatures of your show at the smell of question for the technical nature of this-this section of the more time with offered as evidence in sales and use tax recognition of Eastman time on these are the values were the most women . And there are there or can times and 1 pound foolish notion of , Activision &Partners style peppered out of our staff as a time when sense of the evidence that is most at wit's end of this report to be on hand, the county commissioners academicians, try the same cast a little bit windows operating well all areas of the more than half of the Intifada, and that was not specify other hand, UCSSSI and how many hours in either instance, does the U.S. interest time she calls are for , if only you this year, is the wisdom of all this committee me with a major driver on language around lessons there are some counties with the school measures within an intruder we'll go to schools 1/2 in the process year maturity of the higher than, I'm heading into the ninth inning with many of them have another time as a recount his pocket by department first stint in this town is within timeout and fall , it is a legend, then, that is available to the NAZI with that of an authority to run was running at Saint Augustine I lost a whopping 22 and 1¢-one other question concerns the users of the scent of time center Joe 92, Westwood and this question and foliage are called and said, that the ecology of this system of comedies, dominating the only a mother, and then-placed on the invasion is down about the hand of the players a time, slice into law, and innovative wish to my knowledge of the ones currently receive 30 openings and outdoor activities for ages as a politician, said time high set for one more hit on the issue of section 1., 80 of the state last night , was again Monday in one poll numbers time and home office and the time that happened , Denny hocking, has testified Monday at conferences me the green mountain time thinking of it, where it's not found that I heard a time-fifth and an interest in online online trading on the 13th green opening an account last I mean passengers traveling the register all servers to the long-acting talent of the times that were hoping that the Emerald downs and said they would like to have the power he too, that eventually are doing well by a ratio of you love of course over the projects, but would normally be section 4 to 60 of them wish of the only logical original purpose on television, the city and county of mind standing when he opted out of six people see the same bias affected people you show hall of fame center for education economy generous at the United Center-U.S. timeshare, coupled with the sentiment ??...................

him first is in China understand what would happen down an enemy. initially, here's my constantly counting maybe equally concerned to remove their lives on a hunt, but only in the triangle or been trying to put together a regional transit program and in the course of his authority given for the purchase of respective counties awake during norms to go out there and put up a long referendum.perhaps, in sales tax from the majority done it. I gather from these proposal, we are okay and we're premature are fine with what we've done, but as it relates to weight County 's ability to do so at this time because we were all doing this in partnership together what extent would they be in encounter problems if they want to go out there and and into a half percent for transit. right now it looks as if they would be inhibited from doing so in less they give up one quarter percent, but the correctly from wrong. maybe staff can help me with this not think Mister Doctor Marriott. [SPEAKER CHANGES] I think the way we have all order. this is lovely way to set super centers at correct, they will have. they will have the option of either going one half for transit. all they can do one half her education or they can do a quarter quarter once comprises an education or they can go to the component and although the general purpose as long as a type to either catch us and myself, but it had been taught in either transit are all education so I think your income on the development was taken off. [SPEAKER CHANGES] I think they will have these options available after product is under the law weight is limited to only a half percent for transit, but under the spell• is correct, it gives many options you enact a taxing quarter increments up to half a quick follow him: what extent of it. they wanted to take the full half retrieves it is time they had some boldly came back he was some type of all local building of the next recorder safer schools or something like that. obviously, you know, we don't know what this body is going to consist of a software in the future. but when they have the option of doing so, [SPEAKER CHANGES] Mister is a certain whether this bill dust cap of the local sales tax of two& that they would be kept completely. and lastly, what is County commissioners Association stand with the billowing is currently drafted and proposed iPod .org sleep of the chairman. I think you may. they are the County commission. they just if they hear those early bailouts, the state we could hear from them. that would be excellent, thank you. [SPEAKER CHANGES] I nothing on that note, alternately writing the next sign up the back of the room were going to vote this bill out tomorrow or the next day if you want to speak on Lisa. I. frozen sign up good heart surgeon who their next making sure no thanks are going on. try to grab my wrap my mind around this bill, and these are my courses related and sales tax component. I understand correctly in and maybe I misunderstood something this good. it is this only limited to transit and or education, or is there a component that would allow counties to raise sales tax for other general purposes and is that what the question was before that, regrettably, to finance the past recipients. if you're at the two percent you have you have the ultra has all education a combination of those and you can also combine the purpose with that as long as you taught me the trash transit or education. if you already have a weblog use the twenty seven counties. oddly, that abused the quarter for general purpose you will have a quarter available for either transit or education follow-up things turn up in this. this is a good piece that big concerns me. what I understand counties like Mecklenburg and anti-Semitism that would wake in the triangle area. no concerns about transportation and I think the writers room is familiar with the dynamics on the local level as it relates to education, but I'm I'm what where or where is this coming from the that it would be needed or necessary other than I want to raise taxes and spend more money. where where's it coming from that we shouldn't authorize this for general purposes take things to

We're not, we're not raising taxes. You have the authority now to go to two and a half percent, so lets make sure that we get that clear. This is just, really bringing everybody up to the level, to a level playing field. Make it universal so everybody has these options. As far as your questioning goes and the way that we have spelled out the, give the flexibility, you know, quite honestly, we've had a lot of folks that had a little bit of concern over, I think, matter of fact, I think our [00:32 sold in the federal reserve ? ], they have concern about raising property taxes. And they wanted to because, you know, they're hurting now and it may be another deal killer and make them not competitive. This gives options for counties to decide what is important relative to education. Everything we're hearing is; how can we on a state and a local level, better, not only with policy but with funding and that's where we'll continue to have the dialogue. But, I think the locals would like to have these opportunities and flexibilities. And that's the basis as I see it for how we've structured this deal. [SPEAKER CHANGES] Yes sir. Thank you Mr. Chairman. Senator Newton, you know, right now, article forty-six was part of the medicaid swap is been utilized by twenty-seven counties. Some of them beyond that have failed. That was a general appropious use type of deal. The, there is for other than the six major urban counties, there is a half cent sales tax on transit that has been not utilized because they have no way of using that money in the manner described. And all this really does is it basically gives them an opportunity on that one quarter cent, to use it on education, on transit, or on the general use. So it basically allows them to be able to have a chance to stay within the cap. This is not a tax increase in any way of thinking, but it does give the counties an opportunity to meet their priorities based on what their county commissioners feel is necessary and that's why it was brought forward in this manner. [SPEAKER CHANGES] Thank you. Follow up Senator Rabin. [SPEAKER CHANGES] I understand. Thank you Mr. Chairman. I would, if I could just make a really quick comment on that. You know, back home, my county defeated the sales tax increase some years ago and as an observation, it was because the county wanted to pretend like they were gonna do it for education, but they wouldn't promise that it would be only spent on education. And, so I have a lot of concerns about this general provision because I can wrap my mind around this, this is a dedicated authorization to increase the sales tax to the current cap for education or just for transportation. But, you know, well whatever, we just want to raise the tax. That's where I have a major concern and that's just what my personal feelings on the subject are. And I understand about the two and a half percent that, that authority was already there for transit that most counties don't need because they don't have the Wake county or the Charlotte Mech situation. But, I kind of like to see it limited to education except for these metropolitan areas. That would be my personal choice. [SPEAKER CHANGES] Okay. Senator Blue, just a moment. You're, Senator Stein is next. [SPEAKER CHANGES] Thank you Mr. Chairman. Seventy-three counties right now are at two percent and they want to go to two and a quarter for general purposes, some economic development purpose. Why are you restricting the flexibility of counties, seventy-three counties around the state, saying that you have to go to two and a half percent when they may only want to go to two and a quarter and they may only have the capacity to go to two and a quarter? Why are you trying to hands the counties in this way? [SPEAKER CHANGES] Senator Rucho, would you like to? [SPEAKER CHANGES] It was trying to just get folks moving to the point where they can and as we, I'm sorry, I can't see you, and as we move forward on tax reform in the fifteen and sixteen years, it'll give us a chance to better determine what amount of money they would receive as a broaden sales tax base goes in to place, Senator Stein. [SPEAKER CHANGES] Senator Blue. [SPEAKER CHANGES] I'm sorry. I have a follow up question. [SPEAKER CHANGES] Oh okay. I didn't get your nod. Go ahead Senator Stein. Senator Blue, wait another moment please. [SPEAKER CHANGES] I was just trying to process that in a way that made sense. I'm still working on it. [SPEAKER CHANGES] Would you like for Senator Blue to ask his question? [SPEAKER CHANGES] No, my question, I'm not sure that will help, the...

But some time off the foam, Ayrton senna enforcement division members and their longtime 0677 out of the event, and what is billed as are states the flexibility to counties for China to launder the money in this message for the form of my next question is your ?? that Mr. For a counties, which are back on our way for seven deal for them, Moran students and ¾ of passengers and percent of General Services are given in German word for an extra corps and the insecticide about 2 3/4 to a warrior stirred in the course of flexibility away from the people in those communities that is often sells time was right successor to the fence-sitters in this site, AT&T has seen this many of time that is Richard hill as accidental flexibility to find out how to link of the realities of transit specifically in solitary dozens of thinning disease in 1999 times to make a decision as to when education department that many of the transit and here's what they believe this time of one issue of whether they could use a lot more languages, as is the same in section 1.6 in message we just me know I'm an avid buyer of the festival, which fall: all right now on the role she played a major and I message for transit to find a way for owner of a larger the region's report and, due course every station may have the authority and wall of his bills at a time when counting the authority to give active women only to the core site for an education and percent full time frame for several days numbers of this has been helpful in determining where issue before fed will have used an idea whose time from the economics and Susan mystery to be you'll have a litany of these transmission cars on the corners and I'll be here for a vision systems and stayed for shots from the opening of its system in the region title as a freshman at chinn , and then the im and one was trying them, it was developing the perhaps you have the ability to the students were also have tried-and- mouth disease within these affected by the time you read the ability of lake county jail and gardeners of the association and the budget already have fallen on the coffee for ?? China Sea, and in finding from two years 50 years ago, and that it is a time, the the Indians for transportation events at the refund, transforming our intent of the contract and the flow projections and maintenance and the stand-up the issue of the living formula can you please phone down and finance and trade commission means that someone in that made her hands of a deep and time stamp haves and have half percent sales tax, this process hoping that they'll be unable to the hashish and that's money in your fifth as these time of sale of some testimony on way of saying of the action, system-wide just in time and school districts judge, who want to restrict nightmare for the able to impose a sales tax from each of the second sentence about trying to happen to me and said above that, jimmy Evans everyone wants a deal at the plate and he happily it is only the fear itself as a year from the ball on this bill Norton: a time we helped them find that 1% of which was part of the Des key slots any small business edition $5.00 to take advantage of it in the doctors and their money out of a cleanup and our NT 75 we are, that's me in the city limits that the days when somebody comes to an adjoining Afro ??..................

Points that are on the local option or the half point to the local option is something that’s consistent, that will allow us to move forward and if this General Assembly believes in the long-run as we were to broaden the sales tax base on goods and services sometime in the future. A half a point for Wake county or Mecklenburg county or any of the others, would be a significantly higher because you broaden your base to achieve a higher revenue stream. So that is how that is working together. [SPEAKER CHANGES] Follow up? [SPEAKER CHANGES] Yes sir. [SPEAKER CHANGES] Follow up sir. [SPEAKER CHANGES] But you will concede that if Wake county were to do as the other two counties in the triangle and as the agreement that they had initially reached set out that they would do. They too, or we too, would be precluded from imposing a quarter cent sales tax if we wanted to do that to improve teacher salaries or public education. I think you would agree with that, but I have a technical question for the staff, Mr. Chairman. Is there any Constitutional constraint, I know there’s several, but does any Constitutional restraint readily come to mind that would prevent any other General Assembly from singling out Wake county? Whether we do the false things population or otherwise? Empowering the citizens of this county and imposing this additional tax responsibility upon themselves if they chose to. That is, is there anything that would restrict the General Assembly from empowering a county to do that? A single county, not the broader bases we have here. [SPEAKER CHANGES] I assume we have ?? [SPEAKER CHANGES] Senator Blue, I’m not aware of any Constitutional constraint, I think that the counties are creatures of the state and the General Assembly. There’s no requirement that even the General Assembly give all of them equal taxing authority. And so a future General Assembly could certainly opt to give Wake county different taxing authority if it so chose to do that. [SPEAKER CHANGES] Thank you, Senator Sanderson. And then Senator Brown. [SPEAKER CHANGES] Thank you, Mr. Chairman. This question kind of goes to the Article 46 tax. A little bit more explanation, if a county is currently planning on putting a quarter cent tax under Article 46 on the November ballot, how would that play out as far as the other quarter cent they have left remaining after January 1st, 2015? [SPEAKER CHANGES] Senator Gunn. [SPEAKER CHANGES] Senator Gunn, do you care to answer that? [SPEAKER CHANGES] I’m not sure I quite follow that so say it again if you don’t mind? [SPEAKER CHANGES] Staff I believe can handle that if you’re wiggling your microphone. [SPEAKER CHANGES] So for the counties that have approved to put this issue on the November 2014 ballot, they would not be required to also enact the quarter cent for education or for transportation. So if they want to proceed with just the Article 46 general purpose tax and they’ve already got it on their ballot then they can proceed with that. If you’re a county that’s already at 2.5% you would not be able to hold a referendum on this issue because that would put you over that 2.5% cap. [SPEAKER CHANGES] Follow up, Mr. Chair? [SPEAKER CHANGES] Follow up. [SPEAKER CHANGES] If that same county that elects and it passes referendum to add that quarter cent sales tax this November, what would be their options with the remaining quarter cent after November? Could they go back and pass that by referendum and designate it to education or transport? [SPEAKER CHANGES] They could. They would receive, they could do a quarter cent for education or transportation. [SPEAKER CHANGES] Thank you. Senator Brown? [SPEAKER CHANGES] Thank you, Mr. Chair. I think we need to talk about a little history on why we got to where we’re at today a little bit and a lot of that was because we had several local bills, one of them being mine, that had some concerns about the rate that property taxes were being increased in our counties and felt like a sales tax was a fairer tax, or revenue source than property tax. And I’m one of the 27 counties in Onslow that happens to have passed the quarter cent which can be used for any purpose basically, and I’ve got one that hasn’t. So I’ve got two scenarios. I’ve got one that’s at 2% and one that’s at 2 and a quarter percent now. What this will allow my two counties to do is to my understanding is Onslow county could run a new referendum to raise a quarter cent tax that could be used for education or transportation because it has.

as the course and I sorted by size of the flights will prevent any competition understand as candidate, a referendum for just a course that would have won the Class A of the designated the region has forced me to start the use of chemical and energy of the owners about and ½ in the 1998-team, and lawyers and even a 20-fifth integrated his 10-month interchange retain that happening when he was U.S. headquarters and fringe of her days that have also running in the Showtime Center concert featuring traditional family values and that such as anyway-40%, stressful time today, and two years later in the referendum for simplification timeout has no money and having already enacted until part is worse and worse are not in and around and around easily find a standard Poors &Retail markets the ceasefire us a more centrist agenda are companies are taking similar time as chairman of-view all understanding the result of the following events on the house bill 243 are striving on struck the status of women in commission studying their first interstate on staying in stable as well as local and time, the incidents like this one goes on to the one used all of this till now, given the assumption that one trading commission staff review the war before driving the Brea Olinda, on which side time: five this year has gone with the top $52.00 on the hard to show off from the caller: Canada can be traced to make a decision relatives and educators up on news of his patients on as a normal and Fresno: times on corresponding on the wire with the Sino Holmes religions and bases over to the flexibility seen in light of all the all of your comments on the things that make these decisions on what makes time for use on the issue and often, the mouth and often, and they saw their stores the ledger of all, as the owner is on Saturday about the use of mine in this bill before we have the plane flights are as of this bill, if the house and 43 yet it was again finds that the 170 hustle some console where we saw the SMS site and union were pleased at the office at the same time or money before we have any sort and has this would be on tour for for steroids, San and we're saying when the idea of the U.S. commodity timers have the money for the openings Ron harper also didn't show the full text… Of architecture have their campuses foundation on the day all forces would time has come on, as the levels of satisfaction of tax return the government is spending an additional than this year's where of women care of your time to fish or chicken commission they are all PCs for all schools generally smaller all times and Internet as well which does the 2-1 37, who said would say only something someone wants me ?? data show that many have the same Jackson, Michigan school bus when the problems and the parties of their community, as the body Friday at the station so that's why, the industry clear same day that the nations would make that decision issue of categories-driver of the disinformation-the center, showing of support sessions stymied for economic development purposes of- the insiders, where plant I'm not into the Ahl profits are $40.00 depart for capital projects for sales ??..............

Tax referendum, as opposed to bond referendum based on taxes. Sales tax referendum is due to a particular projects or authorizing locals to do that. Anybody look at that? [SPEAKER CHANGE] Did we know? [SPEAKER CHANGE] Second question, in what way if any, does any of this effect the stream line sales tax arrangement? [SPEAKER CHANGE] It doesn't have any effect on that. [SPEAKER CHANGE] Any other members of the committee? If not, we have two members of the public that would like to speak. Before, I call them forward, the first one will be Joanna Reece of the North Carolina Association of County Commissioners, if she'll please approach the microphone. But, before you do I'd like to recognize, please, Mr. Jerry Cohen for his 37 years of service to this body. This may be one of the last finance committee meetings that he is in attendance as an employee. I'm hoping he'll be here many, many times as a member of the public. Jerry, thank you for your years, and service, and all you've done. This building will have a large void in it when you leave. Thank you. [Applause] [SPEAKER CHANGE] It will only be my last meeting if you'll stop doing that. [SPEAKER CHANGE] Oh, that's what I meant. Thank you so much, Jerry. Miss Reece, if you'll come forward please. [SPEAKER CHANGE] Thank you, Mr. Chairman. I'm Joanna Reece, with the Association of County Commissioners, and we do appreciate that the committee did hear some of our concerns regarding the lack of flexibility in a previous version of the bill from last week. This PCS does, partially, address those concerns. That there is still some limitations on the flexibility in the current version. We do still have some concerns about the 2.5% cap, but largely it is a good piece of legislation. Thank you. [SPEAKER CHANGE] Thank you, Miss Reece. We have from the league, Miss Erin ??. Miss ??, welcome. [SPEAKER CHANGE] Thank you, Mr. Chair. Thank you for the opportunity to speak today. I'm Erin ??, I'm the League of Municipalities Legislative and Regulatory issues manager. I'm really excited that the committee has chosen to address this topic in an economic development bill. Because, ultimately, at the end of the day we do believer there is a larger discussion that needs to happen regarding the respective roles of the state and the two levels of local government, with respect to economic development. Of course, recruiting employers is one piece of that puzzle. Education, and training workers, providing means to get to jobs, roads, and other transportation infrastructure. The underground infrastructure that's provided, the water in waste water services, rehabilitation of old buildings, and providing attractive places for these workers to live. All of that is part of our state's economic development puzzle and there is a role for us to be talking about how financing tools can be geared towards providing the means for local communities to bring in jobs. However, we don't believe that this bill goes far enough in terms of giving that flexibility to local communities to determine what's best for them. There are restrictions in this bill on the ways that these local revenues can be used, the restrictions on which the purposes of the revenues that are raised can be spent, an explicit cap on those revenues that are raised, as well as the amounts those levees can take place in. Further, the bill ignores half of the equation when we're talking about local government. Economic development, it does deal with counties, it does not deal with municipal role. Therefore, we believe that this concept is just not yet ripe. It is the end of session to be taking on really big topic and we would urge the committee to consider studying it, rather than proceeding forward with this particular proposal. Thank you, Mr. Chair. [SPEAKER CHANGE] Thank you. Thank you, so much. Members, I'll remind you that session is at 6:30. I would like to thank our pages and especially, Mr. Holberg. You certainly did a lot of work tonight around the back of the room. Thank you, so much. We thank our Sergent at Arms. Meeting is adjourned.