NC S563

Secretary of Commerce shall assign each county a "government distress factor" by November 30 annually, weighted 70% on adjusted assessed property value per capita and 30% on sales tax distributions per capita.

Secretary of Commerce shall assign each county a "resident distress factor" by November 30 annually, based on average annual earnings, median household income, job growth percentage, and educational attainment of population aged 25 or older.

Secretary shall rank all counties from highest to lowest according to both government and resident distress factors and submit annual reports with maps to specified legislative committees and the Fiscal Research Division.

State departments and agencies must examine by January 1, 2019 whether to continue using existing development factors in G.S. 143B-437.08 or adopt the new county distress factors for various programs including taxes, wastewater/drinking water reserves, housing tax credits, and transportation projects.

Reporting entities must submit findings by January 15, 2019 to the Fiscal Research Division and relevant legislative oversight committees, identifying either program-specific criteria or justification for continued use of existing development factors.