Bill Summary for S 732 (2025-2026)

Printer-friendly: Click to view

Summary date: 

Mar 27 2025

Bill Information:

View NCGA Bill Details(link is external)2025-2026 Session
Senate Bill 732 (Public) Filed Tuesday, March 25, 2025
AN ACT TO MEASURE THE ECONOMIC PROGRESS AND WELL-BEING OF THE STATE.
Intro. by Robinson, Meyer, Salvador.

View: All Summaries for BillTracking:

Bill summary

Substantively identical to H 548, filed 3/26/25.

Includes whereas clauses. Appropriates $200 million in recurring funds to the Department of Commerce (Department) for each year of the 2025-27 biennium to conduct biannual analyses of Economic Progress in North Carolina. Directs the Department to report the results of the analyses to the NCGA by January 31 of each odd-numbered year. Requires that the reports use publicly available data and interview people of various socioeconomic backgrounds. Lists six required metrics to be included in the reports, including the share of a household's monthly income that goes to food, housing, health care, and childcare; and cost of postsecondary education and job training relative to income. Effective July 1, 2025.