Do We Have a Finance Package?

Bruce Mildwurf, WRAL, got the early scoop this afternoon on a tentative agreement on the State Finance package…..

WRAL — The three-week stalemate between the House and Senate over a new state budget appeared to be over late Tuesday.

House Majority Leader Hugh Holliman said the finance teams from the two chambers had tentatively agreed to a plan to raise $982 million in new revenue.

The plan calls for a temporary one-cent increase on the state sales tax rate, raising the cigarette tax by 10 cents a pack, a 5-cent tax increase on a six-pack of beer and higher taxes on wine and liquor based on their alcohol content. It also includes a 2 percent income tax surcharge for the next two years on people and businesses that still owe taxes at the end of the year because they have underpaid on their withholding or quarterly taxes.


CLICK HERE TO READ MORE

-or-

http://www.wral.com/news/local/politics/story/5623726/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: