Budget & Taxes

HB 616 modifies the North Carolina Selectsite Readiness Program by establishing a competitive grant program and creating the North Carolina Selectsite Fund. It appropriates $10 million for the 2024-2025 fiscal year and transfers unspent funds to this new fund. The program, administered by the Economic Development Partnership of North Carolina (EDPNC), provides grants to local governments or partnerships. These grants support the acquisition, due diligence, infrastructure development, and on-site preparation of industrial sites under 1,000 acres, aiming to attract major manufacturing opportunities to the state.

HB 149 creates a pilot program allowing eligible North Carolina school districts (those with at least 5,000 students and tax authority) to submit a Financial and Hiring Flexibility Plan (FHFP) to the State Board of Education. The plan permits districts to use state funds more flexibly and hire up to 50% unlicensed teachers (who must complete specific training in disability education, behavior management, and safety) while meeting defined academic goals by 2030-2031, such as 100% student career planning and 90% teacher retention. The State Board reviews plans annually and can terminate them if districts fail to meet goals, violate fiscal rules, or have low-performing schools. This program aims to give districts operational flexibility to improve student outcomes, subject to state oversight and performance metrics.