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Archive for May, 2012

Senate votes deal big blow to forced annexation

Thursday, May 17th, 2012

WILMINGTON, NC (WWAY) — Forced annexation took a hit today in the North Carolina Senate. One bill repealed the annexation of Monkey Junction. Another puts annexation in the hands of voters.

“it was just plain wrong,” Sen. Thom Goolsby (R-9th District) said. “It was taxation without representation, and I was glad to take a stand against it and always will.”

Gooslby and the rest of the Senate took a big step battling annexation Thursday passing House Bill 925. If passed by the House, it would stop forced annexation and give residents who live in an area up for annexation a chance to vote on it.

“I think there will be a compromise between the House and the Senate,” Rep. Danny McComas (R-19th District) said. “We’ll find a middle ground, and we’ll be able to do the reform that is necessary for the betterment of our state.”

The second bill deals with the deannexation of Monkey Junction. It essentially wipes the slate clean and places Monkey Junction back in unincorporated New Hanover County. It would also keep Wilmington from trying to annex Monkey Junction for 12 years.

While Rep. Susi Hamilton (D-18th District) is for some type of annexation reform, she takes serious issue with the deannexation bill.

“The city followed a lawful process, and now that time and those city taxpayer dollars have been wasted,” Hamilton said.

She’s also worried about distributing sales taxes. The county gets a lion’s share of that revenue, which has been balanced out by the city’s ability to annex and get property taxes.

“If that’s no longer the case, cities are gonna have to look at other revenue options, and the first place we’re gonna look is at sales tax revenue,” she said.

These bills now move on to the House for a vote.

We tried to contact Wilmington Mayor Bill Saffo for reaction. We called his cell phone four times, but his mailbox was full. We called his assistant three time and only got a voicemail. The mayor has not called back.

More: continued here

Housing market better but buyers still cautious

Thursday, May 17th, 2012

Key real estate experts gathered to make their diagnoses of what continues to ail the region’s property market and give prognoses for its future.

More: continued here

Wrightsville Beach to crack down on visitors parking in neighborhoods

Thursday, May 17th, 2012

WRIGHTSVILLE BEACH, NC (WWAY) — Don’t expect much free parking at Wrightsville Beach this summer. Town leaders say starting Memorial Day, if you park in the residential parking district without a permit you’re likely to get a ticket.

No parking signs are nothing new in Wrightsville Beach’s Harbor Island neighborhood, but town leader say law enforcement will start paying more attention to parking violators.

Town Manager Bob Simpson says resident complaints led to the ordinance Aldermen passed last week.

Residents say visitors block their driveways and park in their lawns to avoid paying for parking.

People we spoke with looking for free parking say they’ll just park elsewhere.

“What I’m going to have to start doing is probably farther up the road down by the park and just start making a longer walk, so it’s still free just because there is very limited parking here,” visitor Dan Schillaci said.

Town leaders say there is overflow parking by the museum, recreation area and in front of town hall. On peak weekends they will also open up the grassy area in front of the old fire station.

More: continued here

Just how much will it cost to buy into Facebook?

Thursday, May 17th, 2012

(CNN) — We now know how much it will cost investors to buy into Facebook, 38-dollars a share.

The company hopes to raise 16-billion dollars with its initial public offering. If it does, that will be the largest tech I-P-O in history.

Facebook’s underwriters will start selling shares to their clients at that 38-dollar price tonight. Those clients, typically hedge and mutual funds or large institutional investors, can then sell them on the open market Friday morning.

Average investors will be able to buy shares Friday after the NASDAQ opens

More: continued here

CFCC raises $215,000 for students

Thursday, May 17th, 2012

WILMINGTON, NC (WWAY) — Cape Fear Community College raised $215,000 for scholarships at its annual Gift of Education luncheon.

More than 600 guests packed the Schwartz Center for the event hosted by the CFCC Foundation.

The money helps students struggling to pay for tuition and buy books each semester.

More: continued here

 

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