AGP Executive Report
Last update: 5 hours agoState Budget & Taxes: Gov. Josh Stein signed North Carolina’s $34B budget, cutting the income tax rate from 3.99% to 3.49% next year and down to 2.99% from 2033, while also ending data-center electricity tax exemptions and boosting pay for teachers and some state workers. Cybersecurity Push: The same budget makes a historic investment in government security, with $18M recurring and $42M one-time for cybersecurity upgrades, plus funding to modernize data systems and the N.C. Health Information Exchange. Consumer Protection: Attorney General Anthony G. Brown announced a $45M multistate settlement with Block over deceptive Cash App practices, including fraud protections that users say didn’t work as promised. Public Safety Tech: North Carolina lawmakers are weighing a bill that would cap THC in hemp edibles at 0.4 mg per retail container. Local Government Watch: Rocky Mount’s utility billing audit found the city didn’t double-bill customers, but it did send extra bills after late meter-reading and billing schedule changes. Food Assistance: SNAP funding rules will shift more costs to states starting fall 2027, with analysts warning it could cost billions and threaten benefits for millions.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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