How Election Results Will Impact North Carolina Businesses

by Brooks Pierce
Contact

Brooks Pierce

After a lengthy and contentious campaign, voters have chosen new leaders for our nation and state.  Those choices could impact North Carolina businesses in a number of significant ways.

What happened on November 8?

President

Republican Donald Trump won the White House with a significant margin in the Electoral College and carried North Carolina by 50% to 46% over Democrat Hillary Clinton.

Congress

Incumbent Republican Senator Richard Burr was elected to a third term defeating Democrat Deborah Ross by 51% to 45%.    All of North Carolina’s incumbent US House members won and a new member—Republican Ted Budd of Davie County—was elected in the 13th district.  Republicans hold 10 of the State’s 13 US House seats.  Republicans maintained control of both the US House (238-193 majority with 4 races undecided) and the United States Senate (51 seats with 2 races undecided).   All signs at this time point to the House and Senate Republican Majority leadership remaining the same and Democratic Senator Chuck Schumer of New York in line to become the Senate Minority Leader with Senator Harry Reid’s retirement.  

Governor

Democratic Attorney General Roy Cooper holds about a 5,000 vote lead over Republican incumbent Governor Pat McCrory with 100 percent of precincts reporting.  Although Cooper claimed victory, there are an undetermined amount of provisional ballots yet to be counted and thus, it is unclear if his lead will hold.  It is also possible that this contest could be decided after a recount.  It will likely be later this month before a winner is certified in this race.

Council of State

In addition to the race for Governor, there were nine other statewide offices on the ballot.  Several long-time incumbents lost their seats and the partisan balance of the Council of State shifted.  Prior to the election, Democrats held a 6-4 advantage in the Council of State.  If current leads hold, this split will be reversed, with Republicans holding a 6-4 advantage.

Lieutenant Governor

Republican incumbent Dan Forest easily won re-election in a rematch against former House Representative Linda Coleman.

Commissioner of Agriculture

Longtime Republican Commissioner Steve Troxler easily won re-election against Democratic challenger Walter Smith.

Attorney General

Former Democratic State Senator Josh Stein leads Republican State Senator Buck Newton by about 20,000 votes in this race, which could lead to a recount.

State Auditor

Incumbent Democrat Beth Wood currently holds a slim lead of 3,101 votes over Republican challenger Chuck Stuber.  This is another race that could be decided by a recount.

Commissioner of Insurance

Republican Mike Causey upset two-term Democratic incumbent Wayne Goodwin by a margin of less than one percent.

Commissioner of Labor

Republican incumbent Cherie Berry won a decisive victory over Democrat Charles Meeker, the former Mayor of Raleigh.

Secretary of State

Democrat Elaine Marshall, who has served as Secretary of State for 20 years, won re-election to another term.

State Treasurer

Former Republican House Representative Dale Folwell defeated Democrat Dan Blue III in the open race for this post vacated by Democrat Janet Cowell, who did not seek re-election.

Superintendent of Public Instruction

Republican challenger Mark Johnson, a member of the Winston-Salem/Forsyth County Board of Education, defeated incumbent Democrat June Atkinson, who was running for a fourth term as Superintendent.

General Assembly

The biggest question in this election cycle for the General Assembly was whether Republicans would hold their “supermajorities” (60% of those voting) in both houses.  Supermajorities are important in that if members vote their party label, they can override a Governor’s veto of a bill.  This becomes especially important if the Governor is a different party than the General Assembly majority.

Republicans did retain their supermajorities by increasing their numbers in the Senate to 35 to 15 and a margin of 74 to 46 in the House.

Judiciary

Democrat Mike Morgan, a Wake County Superior Court Judge, defeated incumbent Republican Justice Bob Edmunds by a nine-point margin.  This changes the Court to a 4 to 3 Democratic majority.

What Does the Election Mean for Businesses?

The new year will get off to a fast start with the inauguration of the Governor and other State officials on January 7 and the opening of the Legislative session on January 11.  Even with some key races undecided, certain policy trends will likely continue given that the Republicans maintain a supermajority in the General Assembly.

Here are some areas to watch:

  • Economic Developmenta continuing examination of the role of incentives and how to spur job growth in rural North Carolina
  • Education – funding for educator salaries, textbooks, and technology; the role of charter schools; and aid to private school students
  • Environment and Energy – continuing regulatory reform and growth in the State’s energy economy
  • Health Careexamining the role of insurance exchanges, the certificate of need process and the continuation of Medicaid reform
  • Judiciary – increasing funding for technology in the courtroom
  • Taxes – following recent reductions in the corporate and personal income tax rates, the debate could include moving to market-based sourcing when calculating corporate income tax, expanding the State sales tax to cover additional services, and changing the distribution of sales tax proceeds between urban and rural counties.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Brooks Pierce | Attorney Advertising

Written by:

Brooks Pierce
Contact
more
less

Brooks Pierce on:

Readers' Choice 2017
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up using*

Already signed up? Log in here

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Privacy Policy (Updated: October 8, 2015):
hide

JD Supra provides users with access to its legal industry publishing services (the "Service") through its website (the "Website") as well as through other sources. Our policies with regard to data collection and use of personal information of users of the Service, regardless of the manner in which users access the Service, and visitors to the Website are set forth in this statement ("Policy"). By using the Service, you signify your acceptance of this Policy.

Information Collection and Use by JD Supra

JD Supra collects users' names, companies, titles, e-mail address and industry. JD Supra also tracks the pages that users visit, logs IP addresses and aggregates non-personally identifiable user data and browser type. This data is gathered using cookies and other technologies.

The information and data collected is used to authenticate users and to send notifications relating to the Service, including email alerts to which users have subscribed; to manage the Service and Website, to improve the Service and to customize the user's experience. This information is also provided to the authors of the content to give them insight into their readership and help them to improve their content, so that it is most useful for our users.

JD Supra does not sell, rent or otherwise provide your details to third parties, other than to the authors of the content on JD Supra.

If you prefer not to enable cookies, you may change your browser settings to disable cookies; however, please note that rejecting cookies while visiting the Website may result in certain parts of the Website not operating correctly or as efficiently as if cookies were allowed.

Email Choice/Opt-out

Users who opt in to receive emails may choose to no longer receive e-mail updates and newsletters by selecting the "opt-out of future email" option in the email they receive from JD Supra or in their JD Supra account management screen.

Security

JD Supra takes reasonable precautions to insure that user information is kept private. We restrict access to user information to those individuals who reasonably need access to perform their job functions, such as our third party email service, customer service personnel and technical staff. However, please note that no method of transmitting or storing data is completely secure and we cannot guarantee the security of user information. Unauthorized entry or use, hardware or software failure, and other factors may compromise the security of user information at any time.

If you have reason to believe that your interaction with us is no longer secure, you must immediately notify us of the problem by contacting us at info@jdsupra.com. In the unlikely event that we believe that the security of your user information in our possession or control may have been compromised, we may seek to notify you of that development and, if so, will endeavor to do so as promptly as practicable under the circumstances.

Sharing and Disclosure of Information JD Supra Collects

Except as otherwise described in this privacy statement, JD Supra will not disclose personal information to any third party unless we believe that disclosure is necessary to: (1) comply with applicable laws; (2) respond to governmental inquiries or requests; (3) comply with valid legal process; (4) protect the rights, privacy, safety or property of JD Supra, users of the Service, Website visitors or the public; (5) permit us to pursue available remedies or limit the damages that we may sustain; and (6) enforce our Terms & Conditions of Use.

In the event there is a change in the corporate structure of JD Supra such as, but not limited to, merger, consolidation, sale, liquidation or transfer of substantial assets, JD Supra may, in its sole discretion, transfer, sell or assign information collected on and through the Service to one or more affiliated or unaffiliated third parties.

Links to Other Websites

This Website and the Service may contain links to other websites. The operator of such other websites may collect information about you, including through cookies or other technologies. If you are using the Service through the Website and link to another site, you will leave the Website and this Policy will not apply to your use of and activity on those other sites. We encourage you to read the legal notices posted on those sites, including their privacy policies. We shall have no responsibility or liability for your visitation to, and the data collection and use practices of, such other sites. This Policy applies solely to the information collected in connection with your use of this Website and does not apply to any practices conducted offline or in connection with any other websites.

Changes in Our Privacy Policy

We reserve the right to change this Policy at any time. Please refer to the date at the top of this page to determine when this Policy was last revised. Any changes to our privacy policy will become effective upon posting of the revised policy on the Website. By continuing to use the Service or Website following such changes, you will be deemed to have agreed to such changes. If you do not agree with the terms of this Policy, as it may be amended from time to time, in whole or part, please do not continue using the Service or the Website.

Contacting JD Supra

If you have any questions about this privacy statement, the practices of this site, your dealings with this Web site, or if you would like to change any of the information you have provided to us, please contact us at: info@jdsupra.com.

- hide
*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.