Wednesday, February 23, 2011

Public Policy Update: Governor Vetoes S.13

Governor Perdue vetoes Senate Bill 13. On Tuesday, February 22, 2011 Governor Perdue used her veto power to overturn S.13 saying those funds were needed to attract companies to North Carolina.

S.13 was designed by Senate Republicans to save money that was already appropriated to several state accounts but has not yet been spent in the 2010-2011 fiscal year, which ends July 1. The entire package saves the state $400 million, but takes money away from job creating, economic development incentives.

It is not clear whether Republicans will attempt to override the Governor’s veto. North Carolina’s Constitution requires a 3/5 majority to overcome the veto. Republicans have this majority in the Senate but lack votes in the House.

The Chamber will keep you updated as events continue to unfold at the General Assembly

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