NC REALTORS® 2017 Legislative Day – Raleigh, NC

North Carolina REALTORS® from across the state convened in Raleigh for the 2017 Legislative Days.  Fayetteville and Sanford REALTORS® met with their delegation to discuss pertinent issues facing the real estate industry.

Hot Button Topics: (from NC REALTORS® memo)

Protect the Mortgage Interest Deduction – Remove the cap on the allowed amount of both deductions on state taxes

Improve the State’s Infrastructure – Improve the requirements on developers to ensure that roads can be brought up to NCDOT standards and to develop a statewide roads database which clearly lists the road’s designation

Private Process Servers – Amend the law to allow for private process servers to be the allowable form of service for summary ejectment proceedings

BUDGET Priorities

Economic Development Funding – Continue the relationship with EDPNC and increase funding options for economic development projects across North Carolina

Workforce Housing Loan Program and Housing Trust Fund – Increase funding

Underground Storage Tanks – Support the restoration of funding for the Noncommercial Underground Storage fund

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During the NC REALTORS® Legislative Forum, REALTORS® heard from consultants regarding the Mortgage Interest Deduction and the financial impact to North Carolina.  The full report will be posted soon.

Study and statistics from the year 2014 in the state of North Carolina

  • Residential and commercial real estate transactions produced 83.8 billion in sales
  • 572,000 have jobs in the real estate industry which produce 24 billion in salaries
  • 1.7 billion in taxes are generated to local municipalities
  • Real Estate is the 4th largest industry in North Carolina (finance, food/beverage/tobacco & healthcare are the top)
  • 23% of homeowners claimed the MID in 2014
  • Produced 10.9 billion in deductions
  • If the MID cap were removed, there would be a $72 million increase
  • Renters from 2011-2015 were 66.5% compared to 63.9% homeowners
  • The average sale price of a home has increased from 197,000 to $228,000

Association Staff Attends Public Works Commission Day

On may 4th, various community business leaders attending the 2nd Public Works Commission tour  day.

Invited members of the community toured the in-depth workings of PWC operations and utility services.  The day included tours of…

Butler-Warner Generation Plant
Cross Creek Water Reclamation Facility
Glenville Lake Water Treatment Facility
lunch with PWC management & operations center
Emergency Dispatch
Call Center
demonstrations from line truck & sewer TV truck demo

Another PWC day is scheduled for October with local REALTORS® in the area.  If you are interested in getting your name on the list, please contact the Association office.

Some interesting facts from the tour…

PWC is the 36th largest municipally owned electric system in the nation and the largest in North Carolina.  It is the only city in the state that owns and operates a power generation plant.

  • PWC total customers = 113,596
  • Number of Employees – 605 (18th largest in Cumberland County)
  • Total services – 261,948
  • Vehicles/Equipment – 670
  • Annual Customer Contacts – 513,800 (Avg. 1,687 daily)
  • Annual Bills Process – $358.8 million
  • Amount Contributed to City in the last 10 years – $95 million
  • 1$ million daily local spending

PWC Assets (over $1 billion)

  • Electric System – $389 million
  • Water System – $283 million
  • Sewer System – $423 million

PWC Financial Performance

  • Only five municipal utilites in entire country have a higher bond rating than PWC

PWC Community Support

  • PWC has contributed $95 million to the City in the past 10 years.  Recent contributions include $2 million for downtown parking deck and $900,000 to support infrastructure needs of Hope VI Grant Project.
  • Supported 300 plus community events and programs in 2015
  • Contributed $1.4 plus million to United Way agencies of Cumerland County since 1997

PWC State & National Recognition

  • PWC employees have worked over 5 million consectuve hours with no lost time injuries, PWC achieved this feat from 2011 – 2015
  • PWC has earned the Government Finance Officers Association’s Distinguished Budget Presentation Award for 22 consecutive years, the Certificate of Achievement for Excellence in Financial Reporting for 10 consecutive years.  These awards were presented to less than 5% of municipalities in the nation in 2016.

Proposed Troop Reduction Presentation

You Are Invited…Regional Presentation on Possible Troop Reduction (sponsored by the City of Fayetteville, Fayetteville State University)

Regional Impact Analysis for Potential Future Reduction of Personnel at Fort Bragg and Recommendations for Economic Diversification in Cumberland, Hoke, and Harnett Counties

Tomorrow May 9th from 12:00 – 1:30

Snyder Memorial Baptist Church (lunch provided)

Follow the link below for additional Information ↓May 9th invite DRAFT (2)

NC REALTORS® Legislative Day!

 

Protect Your Industry!
(click the link below to register)

 

Legislative Day

April 26, 2017

8:30 a.m. – 1:00 p.m.

North Carolina General Assembly
 

Now more than ever REALTORS® need to advocate for issues that affect your

business and clients!

 

Take the day and visit your legislators.  These efforts pay you back every day!

 

Transportation will NOT be provided this year. 

Please register below as space is limited in the

General Assembly meeting room

 

2017 Legislative Priorities (extensive list on website)

 

Mortgage Interest Deduction

Private Road Maintenance

Private Process Servers

Sales Tax on Real Estate Services

Economic Development

Insurance Reform

 

Click Here to Register