November 15, 2025 - 11:24

In a significant development, Mayor Brandon Johnson is set to advocate for a budget vote next week, despite facing strong opposition from Finance Chair Pat Dowell. Dowell, who is part of Johnson's leadership team, has publicly stated her disapproval of the proposed corporate head tax, emphasizing that she does not support such a tax "at any level." She articulated her concerns, describing the head tax as detrimental, labeling it a "tax on jobs."
This opposition comes in the wake of support from Governor JB Pritzker and various business leaders who align with Dowell's stance. The proposed head tax has sparked a heated debate within the City Council, with many arguing that it could hinder job growth and economic development in the city. As Johnson pushes forward with his budget agenda, the outcome of this vote could have significant implications for the city's financial landscape and its business community. The tension between the mayor and his finance chair highlights the challenges of balancing fiscal responsibility with the need for revenue generation.
April 1, 2026 - 01:57
Rocky Mount leaders summoned to Raleigh amid brewing financial crisisCity officials from Rocky Mount have been urgently summoned to Raleigh for a high-stakes meeting with the North Carolina Local Government Commission this Wednesday. The session will focus on the...
March 31, 2026 - 08:34
Wall Street Is Finishing the Worst Quarter for Stocks in Four YearsInvestors are closing the books on a punishing quarter, marking the steepest decline for U.S. stocks since the market turmoil of four years ago. The optimism that ushered in the year has been...
March 30, 2026 - 22:03
Stock market today: Dow rises, S&P 500 and Nasdaq slip as chip stocks tank, oil surgesThe Dow Jones Industrial Average managed a modest gain Tuesday, while the S&P 500 and Nasdaq Composite slipped into negative territory. The divergence highlighted a market grappling with...
March 30, 2026 - 04:55
Dawn Staley says leading topic in recruitment is financialThe landscape of collegiate athletics has undergone a seismic shift, and according to University of South Carolina women`s basketball coach Dawn Staley, financial discussions are now at the...