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June 21 Jones Street Update

Budget compromise on the way?

This week saw both chambers’ Appropriations Chairs venture up Jones Street for a meeting at the Executive Mansion with Governor Cooper to commence budget negotiations as all involved seek to reach a compromise prior to the end of the fiscal year. Legislators presented their priorities for the coming biennium and the Governor presented multiple counter points but mainly focused his desire to expand Medicaid. With neither side seeming to be willing to budge on this issue, the stage is set for a veto by the Governor.

A conference report and vote is expected next week as the fiscal year ends June 30.

NC REALTORS® Legislative Priorities Pick Up Steam

Thanks to a significant amount of work by the NC REALTORS® Lobbying Team, in partnership with multiple stakeholders, two important NC REALTORS® Legislative Priorities have begun to move forward.

First is House Bill 620 “Street Database/Manual/Public Record Except.” This bill was introduced as a way to address challenges faced by homeowners across the state due to a lack of understanding about the maintenance responsibility for subdivision streets. While this bill has changed from what was originally filed, it preserves one of our top issues: the creation of a database designating road maintenance responsibility. Having this tool available will help mitigate many existing and future issues for homeowners and REALTORS®. We are also working with the Department of Transportation and other stakeholders to resolve issues with the overall acceptance process as we look for ways to ensure future property owners are not faced with the same issues.

Also, Senate Bill 86 “Small Business Health Care Act” was referred to the House Health Committee, indicating that it will receive a hearing in the final weeks of session. This is an important step forward as we look at improving the opportunity for association health plans for independent contractors in North Carolina.

Keep watching the REALTOR® Advocate for additional updates as these and other bills move forward.

Be Epic. Be an NC REALTOR®.