13 | 13 | | A BILL TO BE ENTITLED 1 |
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14 | 14 | | AN ACT TO MEASURE THE ECONOMIC PROGRESS AND WELL -BEING OF THE 2 |
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15 | 15 | | STATE. 3 |
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16 | 16 | | Whereas, North Carolinians have prioritized their economic well-being and its 4 |
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17 | 17 | | advancement as essential work of our State lawmakers; and 5 |
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18 | 18 | | Whereas, public policy choices can create the conditions for economic security and 6 |
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19 | 19 | | progress; and 7 |
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20 | 20 | | Whereas, the State's overall economic progress depends on the well-being of its 8 |
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21 | 21 | | people and communities; and 9 |
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22 | 22 | | Whereas, policymakers should monitor the impact of public policy choices on the 10 |
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23 | 23 | | well-being of people across the State and economic progress by the assessments of people and 11 |
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24 | 24 | | communities rather than markets and productivity alone; and 12 |
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25 | 25 | | Whereas, the NC General Assembly should strive to conduct its work to advance for 13 |
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26 | 26 | | every person in North Carolina; and 14 |
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27 | 27 | | Whereas, it is essential to have a well-rounded opportunity to have economically safe, 15 |
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28 | 28 | | stable, and secure lives, including (i) access to jobs that pay enough to ensure a standard of living 16 |
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29 | 29 | | where a person can get ahead and a high level of life satisfaction, (ii) affordable prices for the 17 |
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30 | 30 | | basics like food, housing, health care, and childcare, (iii) access to the education and training that 18 |
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31 | 31 | | supports mobility, opportunity, and participation in civic life, (iv) opportunity to start and expand 19 |
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32 | 32 | | business free from unfair competition and domination by monopolies and other unfair advantages 20 |
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33 | 33 | | for certain kinds of businesses, (v) a community of opportunity free from concentrated 21 |
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34 | 34 | | disadvantage, toxic exposures, and connected to supports to learn, earn, and live a healthy life, 22 |
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35 | 35 | | and (vi) adequate protection from the economic fears of old age, sickness, climate disaster, and 23 |
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36 | 36 | | unemployment; Now, therefore, 24 |
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37 | 37 | | The General Assembly of North Carolina enacts: 25 |
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38 | 38 | | SECTION 1. There is appropriated from the General Fund to the Department of 26 |
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39 | 39 | | Commerce the recurring sum of two hundred thousand dollars ($200,000) for each fiscal year of 27 |
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40 | 40 | | the 2025-2027 fiscal biennium to conduct biannual analyses of Economic Progress in North 28 |
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41 | 41 | | Carolina. The Department shall report the results of the analyses to the General Assembly no 29 |
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42 | 42 | | later than January 31 of every odd-numbered year, and each report shall meet all of the following 30 |
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43 | 43 | | requirements: 31 |
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44 | 44 | | (1) Utilize publicly available data and interview people of various socioeconomic 32 |
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45 | 45 | | backgrounds. 33 |
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46 | | - | (2) Measure, for the State and each county, at least the following metrics: 34 General Assembly Of North Carolina Session 2025 |
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47 | | - | Page 2 House Bill 548-First Edition |
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48 | | - | a. Hardship, as measured by the poverty rate, child poverty, deep 1 |
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49 | | - | poverty, inequality, and the supplemental poverty rate. 2 |
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50 | | - | b. Share of jobs that (i) pay below a living income wage and (ii) provide 3 |
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51 | | - | basic needs and quality conditions and benefits. 4 |
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52 | | - | c. Share of a household's monthly income that goes to food, housing, 5 |
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53 | | - | health care, and childcare. 6 |
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54 | | - | d. Percent of people who are considered cost-burdened based on the 7 |
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55 | | - | amount of income spent on housing, childcare, and health care 8 |
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56 | | - | premiums. 9 |
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57 | | - | e. Cost of postsecondary education and job training relative to income. 10 |
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58 | | - | f. Persistent poverty census tracts and concentrated poverty census 11 |
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59 | | - | tracts, including the number of people living in persistent and 12 |
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60 | | - | concentrated poverty neighborhoods. 13 |
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61 | | - | SECTION 2. This act becomes effective July 1, 2025. 14 |
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| 46 | + | (2) Measure, for the State and each county, at least the following metrics: 34 |
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| 47 | + | a. Hardship, as measured by the poverty rate, child poverty, deep 35 |
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| 48 | + | poverty, inequality, and the supplemental poverty rate. 36 |
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| 49 | + | H.B. 548 |
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| 50 | + | Mar 26, 2025 |
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| 51 | + | HOUSE PRINCIPAL CLERK General Assembly Of North Carolina Session 2025 |
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| 52 | + | Page 2 DRH10207-MCa-137 |
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| 53 | + | b. Share of jobs that (i) pay below a living income wage and (ii) provide 1 |
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| 54 | + | basic needs and quality conditions and benefits. 2 |
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| 55 | + | c. Share of a household's monthly income that goes to food, housing, 3 |
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| 56 | + | health care, and childcare. 4 |
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| 57 | + | d. Percent of people who are considered cost-burdened based on the 5 |
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| 58 | + | amount of income spent on housing, childcare, and health care 6 |
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| 59 | + | premiums. 7 |
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| 60 | + | e. Cost of postsecondary education and job training relative to income. 8 |
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| 61 | + | f. Persistent poverty census tracts and concentrated poverty census 9 |
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| 62 | + | tracts, including the number of people living in persistent and 10 |
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| 63 | + | concentrated poverty neighborhoods. 11 |
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| 64 | + | SECTION 2. This act becomes effective July 1, 2025. 12 |
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