Sen. Lisa Grafstein

Maddy summarySB 1045, titled the Utility Profit Oversight Act, requires the North Carolina General Assembly to explicitly approve any proposed electric utility rate increases that would raise the utility's authorized return on equity. Under this bill, the Public Service Commission must immediately suspend such rate changes until the legislature passes a specific act ratifying them, ensuring that significant profit increases receive direct legislative oversight. The legislation also mandates a study by the Commission to evaluate the cost of equity capital for electric utilities in the state. By shifting the approval power for these specific financial adjustments from the regulatory commission to the state legislature, the bill aims to add a layer of political accountability to utility pricing decisions.

Maddy summaryThis North Carolina bill creates a new Human Trafficking Records Commission within the Department of Justice to review and release records related to the Jeffrey Epstein investigation, while redacting victim information. The legislation modifies existing laws on legislative privilege to allow the commission to investigate lawmakers and authorizes the State Bureau of Investigation to assist with inquiries into individuals identified in the released documents. Additionally, the bill establishes a legal mechanism for courts to issue Extreme Risk Protection Orders that temporarily remove firearms from people named in the commission's records. To support these new operations, the act appropriates ten million dollars in state funds for the commission and investigative activities for the 2026-2027 fiscal year.

Maddy summaryThis bill requires the North Carolina General Assembly to adopt a full spending plan before it can lower tax rates. If the state collects more revenue than specific thresholds set for each fiscal year, the income tax rate will automatically decrease by 0.5% or drop to a minimum of 2.49%, whichever is higher. These automatic reductions would take effect in the tax years following the fiscal year in which the revenue targets are exceeded, starting in 2027. The law applies to future tax years through 2034 and uses final revenue figures reported by the Office of State Controller to determine if the trigger is met.

Maddy summaryThis bill, titled the Investing in North Carolina Act, establishes a new salary schedule for public school teachers and provides raises for state employees, community college staff, and University of North Carolina employees. The proposed teacher salary schedule sets monthly pay based on years of experience, ranging from $4,600 for new teachers to $6,370 for those with 29 or more years of service, while also adding specific supplements for certified teachers, school nurses, counselors, and other instructional support personnel. These salary increases are contingent on the failure of the 2026-2027 Current Operations Appropriations Act to pass, meaning the changes would only take effect if that budget bill does not become law. Additionally, the bill includes a 6% cost-of-living adjustment for eligible state-funded employees effective July 1, 2026, and allocates $921.2 million in recurring funds to implement the teacher salary raises.

Maddy summarySB 960 increases the funding cap for North Carolina public schools serving students with disabilities from 13% to 16% of a district's student population. The bill also creates a new High-Cost Disabilities Support Fund to provide extra reimbursement for students requiring intensive and specialized services. Starting in the 2026-2027 school year, the state will allocate approximately $97.8 million in recurring funds to help districts meet these obligations without diverting money from general classroom instruction.

Maddy summaryThis North Carolina bill allocates $359.3 million in recurring funds to hire additional school psychologists and counselors starting in the 2026-2027 school year. The legislation establishes specific staffing ratios, requiring one psychologist for every 700 students and one counselor for every 250 students statewide. These positions are intended to create a tiered support system for students within the Leandro Comprehensive Remedial Plan.

Maddy summaryThis bill provides funding to the North Carolina Department of Commerce for small business support and the Biotechnology Center, while also transferring the Advisory Council on Rare Diseases to the Department of Health and Human Services. It establishes a 19-member council with representatives from medical professionals, patients, caregivers, and industry stakeholders to advise on rare disease research and treatment. The legislation also creates a new reserve fund for life sciences and biomanufacturing technologies and allows certain water and sewer economic development projects.

Maddy summaryThis bill directs $250,000 to the North Carolina Association of County Commissioners to fund grants for counties that advertise property tax relief programs. It also modifies the state's homestead circuit breaker program by raising the income eligibility limit to $45,000 for single applicants starting in 2027, with a higher threshold for married couples. Additionally, the law requires counties to report their total tax deferrals to the Secretary of Revenue by September 1 to receive reimbursement for those amounts. These changes take effect for tax years beginning on or after July 1, 2027, and July 1, 2026, respectively.

Maddy summaryThis North Carolina legislation reinstates a state tax credit for individuals who claim the federal Earned Income Tax Credit. Eligible taxpayers would receive a credit equal to five percent of their federal EITC amount, which is refundable if it exceeds their state tax liability. The bill takes effect for tax years beginning in 2026 and includes a sunset provision that repeals the credit for tax years starting on or after January 1, 2029.

Maddy summaryThis bill requires the North Carolina Center for Safer Schools to create an interactive presentation detailing the legal, medical, and emotional consequences of youth gun possession and related issues. It mandates that all public schools provide this presentation to every seventh and ninth-grade student, with parents receiving notice and the option to opt their children out at least two weeks in advance. The legislation also allocates $900,000 in recurring state funds starting in 2026 to help schools develop the necessary training and materials for delivering the program.