North Carolina H548 allocates $200,000 annually for biannual economic progress analyses by the Department of Commerce.

North Carolina H548 directs the Department of Commerce to conduct biannual analyses of economic progress and well-being in the state. The bill allocates $200,000 annually for fiscal years 2025-2027 to fund these analyses. The Department must report findings to the General Assembly by January 31 of each odd-numbered year. The analyses will utilize publicly available data and interviews with people from various socioeconomic backgrounds. Key metrics include hardship, living income wages, cost burdens, and education and training access. The act becomes effective July 1, 2025.

North Carolina H548 allocates $200,000 annually for biannual economic progress analyses by the Department of Commerce.

North Carolina H548 directs the Department of Commerce to conduct biannual analyses of economic progress and well-being in the state. The bill allocates $200,000 annually for fiscal years 2025-2027 to fund these analyses. The Department must report findings to the General Assembly by January 31 of each odd-numbered year. The analyses will utilize publicly available data and interviews with people from various socioeconomic backgrounds. Key metrics include hardship, living income wages, cost burdens, and education and training access. The act becomes effective July 1, 2025.