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Tuesday, April 23rd, 2024

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News and Information

North Carolina Sees Slight Surplus This Year, $1B More Next Year

Article by AP News

Shared by: Land of Sky Regional Council

04.17.24


RALEIGH, N.C. (AP) — North Carolina’s government should collect higher revenues during this fiscal year and next than what is projected in the current two-year state budget, according to a new forecast released Wednesday.


Economists for the General Assembly and Gov. Roy Cooper’s state budget office now predict collections will exceed revenue budgeted for the year ending June 30 by $413 million, or a 1.2% increase. And state coffers will bring in $1 billion more in the fiscal year starting July 1 than what was anticipated, or a 3% increase.


The budget law enacted by the Republican-controlled General Assembly had planned for a slight decline in revenue from this fiscal year to the next, in part due to tax cuts.


A legislative staff economist’s email to lawmakers attributes the upgrade to stronger than anticipated individual income tax collections and modestly higher sales tax collections. The memo cites low unemployment, wage growth, additional consumer spending and rising prices.

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Insights on Post-Prison Job Quality from the NC Reentry Outcome Reporting System

Article by NC Department of Commerce, Labor & Economic Analysis

04.15.24


Last November, we used data from the North Carolina Reentry Outcome Reporting System (NC-RORS) to highlight the employment outcomes of individuals exiting prison. This month, in recognition of Second Chance Month, we dive back into the data to reveal how post-prison job quality has changed in recent decades.


Our last article showed that fewer than half of individuals exiting North Carolina state prisons find employment within a year after release. Despite returning home to one of the tightest labor markets on record, individuals released from prison in 2021 had a lower rate of employment than those released back in the late 1990s.



Not only is it hard to find a job after prison, but finding a good job has also gotten more difficult over the past 24 years. Individuals who were fortunate enough to find employment after leaving prison in 2021 earned a median of only around $7,300 per year [Figure 1]. Although a tight labor market helped lift the wages of the formerly incarcerated in recent years, earnings after prison remained lower in 2021 in inflation-adjusted terms than they were in 1999. Moreover, earnings after prison were even lower than the federal poverty line of $12,900 and far below the statewide median of $32,700 in 2021.

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Events

Business After Hours

Thursday, April 25th

5:30 PM - 7:00 PM


Coldwell Banker Advantage

130 C South Main St, Hendersonville

Register Here

Entrepreneurs Breakfast

Thursday, May 2nd

7:30 AM - 9:00 AM


Highland Lake Inn

Grand Ole Hall

86 Lily Pad Ln, Hendersonville

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Business Morning Update

Wednesday, May 8th

7:45 AM - 9:00 AM


Elk's Lodge

546 N Justice St, Hendersonville

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AM Power Hour

Friday, May 10th

8:00 AM - 9:00 AM


Always Best Care

103 Underwood Rd, Suite J, Fletcher

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Member News

Alo Coaching Workplace Culture Workshop April 26th

Blue Ridge Community College and Wingate University Students Hospital Simulation Prepares Students for Life-Saving Professions

Capstone Lifestyles, Inc Anniversary Party

Council on Aging for Henderson County Speaker Series Tackles Crucial Issues Facing Older Adults

FABA Coffee Club May 7th

FIND Outdoors Blue Ghost Firefly Twilight Tours - Cradle of Forestry

Four Season Earns "We Honor Veterans" Level 4 Status

HCPSNC - Glen C Marlow's STEM Career EXPO, April 25th

Hendersonville Honeycrisps - Host a Player

Hendersonville Theatre Presents The Fritz

iDaph Event Tree Tops Race Registration Open

Land of Sky Regional Council Healthcare Forum

Open Arms Pregnancy Center of Henderson County to Host Run for Life Memorial Day 5K

Rep. Jake Johnson Announces Plan for Largest Internet Expansion in State's History

Sierra Nevada Trip in the Woods Hiking Tour

Small Business Center at Blue Ridge Community College Offers Free Training & Courses to Entrepreneurs and Small Business Owners

Vision Henderson County 2024-2025 Registration Open

Willow Hill Soap Company Mother's Day Gift Boxes



Have something to include in Member News? Please send information on upcoming events, announcements, and other news your business would like to share with fellow members to: chamber@hendersoncountychamber.org

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Henderson County Chamber of Commerce
204 Kanuga Road, Hendersonville, NC 27839
828.692.1413