Pay it forward - Carolina Weekly Newspapers
Pay it forward - Carolina Weekly Newspapers
Pay it forward - Carolina Weekly Newspapers
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
$<br />
8,000<br />
tax cred<strong>it</strong>*<br />
(Ends 11/30)<br />
Who <strong>Pay</strong>s The Most<br />
For Gold, Diamonds<br />
and Silver?<br />
Page 10 • Univers<strong>it</strong>y C<strong>it</strong>y <strong>Weekly</strong> • Aug. 14-20, 2009<br />
Brownlee Jewelers<br />
came out on top<br />
for the consumer<br />
in WSOC’s under<br />
cover report<br />
www.wsoctv.com/<br />
video/18890943/<br />
SELL WITH CONFIDENCE AND EASE<br />
AT BROWNLEE JEWELERS<br />
WE ALSO BUY<br />
+ $ 8,000<br />
in free design<br />
options**<br />
Get the $ 8,000 tax cred<strong>it</strong> and multiply your savings from there<br />
up to $24,000. To the Power of 8. Only from M/I.<br />
mihomes.com<br />
GOLD & SILVER<br />
COINS<br />
Buying Silver Flatware, Serving Sets, Cups,<br />
Candle Holders and Sterling Jewelry.<br />
NOTICE: We can, in most cases,<br />
PAY MUCH MORE for your scrap and<br />
jewelry related <strong>it</strong>ems than ESTATE,<br />
GOLD DEALERS AND JEWELRY<br />
STORES operating out of HIGH<br />
PRICED MALL LOCATIONS.<br />
BROWNLEE JEWELERS has been<br />
locally owned and operated in<br />
Charlotte for over 70 years by the<br />
Rousso Family. We offer<br />
COMPLIMENTARY CONSULTATIONS.<br />
BEWARE OF GOLD DEALERS OPERATING OUT OF A HOTEL.<br />
WE MAY PAY UP TO 100% MORE.<br />
Lake Norman/Huntersville NorthCross Shp. Ctr.<br />
(I-77 Ex<strong>it</strong> 25) 704-895-1308<br />
www.brownleejewelers.com<br />
+<br />
$<br />
8,000<br />
in flex<br />
dollars***<br />
*Tax cred<strong>it</strong> equals ten percent of the purchase price up to a maximum of $8,000. Only first time home buyers are eligible (defined as Us c<strong>it</strong>izens<br />
who have not owned a home for the preceding three years). The cred<strong>it</strong> is based on the home buyers modified adjusted gross income (MAGI). For<br />
individuals, the full tax cred<strong>it</strong> is available for MAGI below $75,000 and phased out from $75,000 to $95,000. For a married couple filing jointly,<br />
the full tax cred<strong>it</strong> is available for MAGI below $150,000 and phased out from $150,000 to $170,000. The tax cred<strong>it</strong> is applied against the home<br />
buyers tax bill or refunded in cash if the cred<strong>it</strong> exceeds the home buyers tax liabil<strong>it</strong>y. For more information, vis<strong>it</strong> www.federalhousingtaxcred<strong>it</strong>.<br />
com. The foregoing is for informational purposes only and does not const<strong>it</strong>ute tax advice. Please consult your tax advisor to determine if you<br />
qualify for the tax cred<strong>it</strong>. For the tax cred<strong>it</strong> homes must close by 11/30/09.<br />
**design option dollars must be used towards design center <strong>it</strong>ems that are offered by M/I Homes. May not be taken off the price of the home.<br />
***Flex dollars can be used towards any home purchase needs but may not be taken off the price of the home.<br />
Programs subject to change w<strong>it</strong>hout notice and may not be combined w<strong>it</strong>h any other offer. Program ends October 4, 2009.<br />
Offers available to buyers who use M/I Financial Corp.<br />
News<br />
UNCC still doesn’t know<br />
exact cuts in budget<br />
by Brian Carlton<br />
news@univers<strong>it</strong>yc<strong>it</strong>yweekly.com<br />
While the final state budget didn’t cut<br />
as much as expected from education, the<br />
Univers<strong>it</strong>y of North <strong>Carolina</strong> at Charlotte,<br />
Central Piedmont Commun<strong>it</strong>y College<br />
and Charlotte-Mecklenburg Schools will<br />
still feel plenty of hurt this fall.<br />
The state allocated $11.16 billion in<br />
the final education section of the budget,<br />
down from the original $12.34 billion projected<br />
earlier this year.<br />
Cuts to univers<strong>it</strong>ies statewide have reduced<br />
that budget by $300 million, or 10<br />
percent, to $2.7 billion. As w<strong>it</strong>h the commun<strong>it</strong>y<br />
colleges, officials at UNC Charlotte<br />
don’t really know how much they are<br />
losing. School officials, however, are<br />
preparing for the fall semester w<strong>it</strong>h the<br />
knowledge that they’ll have to take up a<br />
balancing act.<br />
“We’re being asked to do more for more<br />
students w<strong>it</strong>h less funding,” said David<br />
Dunn, vice chancellor of univers<strong>it</strong>y relations.<br />
“We will sustain a cut, and we’re<br />
preparing for a number of scenarios.”<br />
At UNC Charlotte, slightly more than<br />
24,000 students are expected to take<br />
classes this fall, w<strong>it</strong>h 5,000 of them living<br />
on campus. The univers<strong>it</strong>y’s hiring freeze<br />
means the school will enter the new semester<br />
30 pos<strong>it</strong>ions short in maintenance<br />
and residence life. In total, 180 pos<strong>it</strong>ions<br />
were cut at UNC Charlotte, all but 17<br />
coming from pos<strong>it</strong>ions that were held<br />
open.<br />
“Faculty members will have more courses<br />
to teach, and classes will have more<br />
students,” Dunn said. W<strong>it</strong>h only $1 million<br />
allocated for repair and renovation,<br />
officials expect to delay work on buildings,<br />
such as Kennedy and Colvard.<br />
The General Assembly fully funded the<br />
univers<strong>it</strong>y’s new 200,000-square-foot Energy<br />
Production and Infrastructure Center,<br />
providing $2 million in each of the<br />
next two years. The building will house<br />
civil, electrical and environmental engineering<br />
departments, w<strong>it</strong>h a focus on<br />
energy-infrastructure research.<br />
“We’re extremely grateful for that funding,”<br />
Dunn said. “It’s going to allow us to<br />
hire 14 new faculty members for the college<br />
of engineering.”<br />
The state’s public school system comes<br />
in w<strong>it</strong>h a $7.4 billion budget, which translates<br />
to a $225 million cut. Charlotte-<br />
Mecklenburg Schools’ portion of the cuts<br />
comes to $20.6 million. While less than<br />
the original projected $35 million in cuts,<br />
the system still must make adjustments<br />
for the fall semester.<br />
Funding was also cut from the budget<br />
for all state-administered tests not<br />
required by federal law, including chemistry<br />
and physics end-of-course tests,<br />
third-grade math, reading pretests and<br />
computer skills tests.<br />
Plans call for eventually sw<strong>it</strong>ching<br />
schools to a new comprehensive state<br />
testing system, but that idea is still being<br />
designed, according to Phillip Price, communications<br />
director for the N.C. Department<br />
of Public Instruction.<br />
“The final cuts were less than the cuts<br />
outlined in the House-passed budget, but<br />
the cuts are very substantial and will have<br />
a significant impact on our local school<br />
districts,” Price said.<br />
The state commun<strong>it</strong>y college system<br />
will lose $14 million in each of the next<br />
two years, w<strong>it</strong>h the N.C. Association of<br />
Commun<strong>it</strong>y Colleges determining how to<br />
spread the loss among the different campuses.<br />
“It’s about what we expected,” said Jessica<br />
Graham, media relations coordinator<br />
for Central Piedmont Commun<strong>it</strong>y College.<br />
“We’re in some of the most difficult<br />
economic times we’ve faced, and we are<br />
seeing reductions.”<br />
The commun<strong>it</strong>y college hasn’t received<br />
final numbers from the state board yet,<br />
but Central Piedmont officials already are<br />
dealing w<strong>it</strong>h some cuts. As part of state<br />
cutbacks, commun<strong>it</strong>y colleges no longer<br />
receive funding to help cover the cost of<br />
high school students who take college<br />
courses. Tu<strong>it</strong>ion will increase by $8 per<br />
cred<strong>it</strong> hour, from $42 to $50 for North<br />
<strong>Carolina</strong> residents and for out-of-state<br />
students, from $223 to $241.<br />
Add<strong>it</strong>ionally, the college won’t be able to<br />
offer any extra sections for classes.<br />
“When one section fills up, that’s <strong>it</strong>. We<br />
won’t be able to offer any more,” Graham<br />
said. q<br />
Keep current<br />
w<strong>it</strong>h local news,<br />
informative articles<br />
about local events,<br />
dining and<br />
entertainment.<br />
<strong>Carolina</strong><br />
newspaper group<br />
www.univers<strong>it</strong>yc<strong>it</strong>yweekly.com