Today @NCCapitol (March 26): Cities chafe at bills curbing their power
House Finance takes up bills related to the Panthers and Asheville's water system this morning. Meanwhile, lawmakers prepare to hear bills that would undo the Dorothea Dix lease with Raleigh and close gun records to public inspection.
Posted — Updated"It is not a consensus bill – it is another effort by Rep Moffitt to govern Asheville from Raleigh, and it has to do with this longstanding opinion – not currently based in reality – that the city of Asheville is using water revenue to support its general budget, which is not true," Fisher said.
Fisher says it's representative of legislation seeking to curb cities' power across the state.
"It's just a very threatening atmosphere for cities," she said.
"Furthermore, we believe such legislation could have an impact on the North Carolina municipal bond market," wrote Deputy State Treasurer Vance Holloman Monday. "The fact that a North Carolina local government issuer of bonds has lost ownership and control of the asset as a result of General Assembly action would have to be disclosed in the official statement of any future revenue bond offerings. This disclosure could affect the cost of borrowing and desirability of North Carolina revenue bonds."
That potential impact on revenue bonds would give cities across the state a dog in the airport authority fight.
In a brief conversation Monday night, Sen. Bob Rucho, R-Mecklenburg, that airport bill's primary sponsor, said that he had not thoroughly reviewed the two letters. However, he said one from outside bond counsel "just raises a lot of questions" rather than states anything definitively. And he said that Holloman's warning didn't seem to jibe with the letter from outside counsel.
Still, the Asheville and Charlotte bills along with other measures, such a bill condemning a lease between the state and City of Raleigh for the Dorothea Dix property, fit a pattern that local officials are beginning to take notice of, said Ellis Hankins, executive director of the N.C. League of Municipalities.
"It is fair to say that some municipal elected officials in different cities around the state are beginning to wonder whether there's reason for concern about proposed actions of the General Assembly having an impact on North Carolina's reputation for strong public finance," Hankins said.
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