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Pay it forward - Carolina Weekly Newspapers

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$<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

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