What Realtors® should expect in 2011
On Election Day 2010, major changes took place with elected leadership in the Charlotte region that will greatly affect Realtors®. The budget will be the dominating issue. Mecklenburg County is going through property revaluation, the state is predicting a $3 billion shortfall, and the federal deficit reduction commission is recommending changes in the way the government taxes and spends.
County commissions in Mecklenburg and Iredell counties didn’t see major party shifts, though we will see new faces serving in county government. Former Mecklenburg County Sheriff Jim Pendergraph was elected at-large to the Mecklenburg County Commission. Attorney Andrew Murray was elected as the new district attorney following the retirement of Peter Gilchrest, who has served in that position since 1975. Iredell County has elected Renee Griffith and Franklin Mitchell to the Board of County Commissioners.
Turnover in the North Carolina General Assembly was significant. For the first time since 1889, the Republican Party will control both houses of the legislature. From the Charlotte region, several new legislators will go to Raleigh on our behalf. Bill Brawley, from the Mint Hill/Matthews area, will serve his first term in District 103. Brawley is a Realtor® member of the Charlotte Region Commercial Board of Realtors®. Also new to the N.C. House is Rodney Moore in District 99. Moore has served on the Charlotte Housing Authority Board and is currently self-employed.
In the U.S. Congress, elected leaders from the Charlotte area remain the same; however, the makeup of the House and the Senate will be different. The House will be controlled by Republicans and the Senate will be led by Democratic leadership. What this means to Realtors® is that many issues that have previously been considered, such as health insurance reform and “cap and trade” legislation, could be reconsidered.
What it means
In 2011, Realtor® associations will confront many of the same issues before the North Carolina legislature and the U.S. Congress. In Raleigh, Realtors® will continue to lobby for the repeal of the transfer tax authority from counties. They will continue to fight tax on services directed at real estate and support economic development opportunities. In Washington, Realtors® will work closely with members of Congress to preserve the Mortgage Interest Deduction for homeowners, and continue to monitor regulations that could add unnecessary costs on housing and economic development.
For lists of issues, policies and elected officials from the Charlotte region, go to http://www.carolinarealtors.com/govtaffairs.