This will increase on July 1, 2014 to a minimum exempt salary of $37,440 per year. By 2016, employees will need to earn at least $41,600 per year to meet the minimum salary test for exempt status. State minimum wage law will also impact the pay of commissioned inside sales employees.
USDA announces increase in the USDA guarantee or funding fee effective 10/1/2015 to 2.75%. For buyers, USDA mortgage loans are so popular (especially in NC, SC, and Virginia) because they allow first time or subsequent homebuyers to purchase a primary residence with no money down and with low monthly payments.
1 And the NEA still has not fully answered a 1996 query from Senator Jesse Helms (R-NC) for details of its support to the (now defunct) Mission Cultural Center for Latino Arts in San Francisco, which had received an estimated $30,000 per year from the NEA since the early 1980s.8 Further, Clinton also proposes to increase the NEA's funding to $119,240,000, a rise of 20 percent. 59 These dramatic increases in spending come in the age when the federal debt exceeded $5 trillion for the first time and on the heels of a 1996 federal deficit of $107 billion.