Recent Accolades for Cary or the
Raleigh-Cary area:
#2
Up-And-Coming City for Tech Jobs (ZipRecruiter, Raleigh MSA, July 1, 2015)
for Population and Wealth Growth, (Selfstorage.com, Raleigh-Cary, July 2015)
Big City Where White-Collar Employment is Booming, (Forbes, Raleigh-Cary,
July 2015)
Area for Life Sciences Employment, (Biospace, Raleigh-Cary (August 2015)
Area for Technology Jobs, (Simply Hired, Raleigh-Cary July 2015)
Metro for Finding a Job, (Career Builder, Raleigh-Cary, July 2015)
Metro for Economic Growth, (U.S. Conference of Mayors, Raleigh-Cary, July
2015)
#11
#3
#2
#4
#3
#6
Healthiest Housing Market, (Wallet Hub, Cary, August 2015)
Best City for Economic Potential, (fDi American Cities of the Future, Cary,
September 2015)
#8
#7
Legislative Update: State Budget
The $21.74 billion state budget that was passed by the General Assembly in September contains some
provisions beneficial to municipalities. Most importantly, the sales tax changes don't result in revenue losses
for cities. After much discussion and debate, the proposals to distribute all or part of sales tax revenue on a
per capita basis, rather than based on where the revenue was generated, was largely abandoned. The final
compromise broadens the sales tax base and distributes that increased revenue to counties by a specific
formula. Wake and other high-population counties will not receive an allocation from the new revenue.
The budget also included a historic sales tax credit, for which Council had passed a resolution of support
earlier in the year. Powell Bill funding was appropriated at a level higher than would have been available had
the link to the gas tax been maintained.
Cities gained additional authority to impose a municipal vehicle tax; all cities may charge up to $30 per vehicle.
The prior law capped the amount at $5 plus an additional $5 for cities that maintained a transit system. Local
legislation allowed some cities to charge up to $30, but now that authority applies to all municipalities. The
additional revenue must be used for municipal roads.
H44 Local Government Regulatory Reform, while it includes the pre-audit changes that were important to the
efficient processing of payments, also included provisions which will limit municipal authority in various areas
including beehives, riparian buffers and some zoning issues.
The League of Municipalities and others worked very hard at the 11th hour to oppose provisions in an unrelated
bill that would have made sweeping changes in local authority to enact various types of housing and anti-
discrimination ordinances.
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