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North Carolina has over-collected more than $6 billion in state taxes when compared to May of 2020 economic forecasts.
Published: Monday, June 21st, 2021 @ 6:58 pm
By: Carolina Journal
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North Carolina’s tax and fee collections continued to improve from a year ago, according to the latest General Fund Monthly Report from the Office of the State Controller.
Published: Sunday, December 13th, 2020 @ 8:20 pm
By: John Locke Foundation
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Tax collections for the six months from April through September continue to track closely with the same period a year ago
Published: Monday, October 19th, 2020 @ 10:21 am
By: John Locke Foundation
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Beaufort County has a hole in it budget bucket. It is leaking money. But, the water level never goes down.
Published: Tuesday, April 7th, 2020 @ 6:46 am
By: Hood Richardson
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A $470-million surge in April tax collections could push the state budget surplus to more than $700 million.
Published: Thursday, May 23rd, 2019 @ 9:58 pm
By: Carolina Journal
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The state Department of Revenue is gearing up to assess sales taxes on more out-of-state online retailers who make sales to North Carolina residents. But it's unclear whether the department has the legal authority to do so, a former legislative leader says
Published: Tuesday, August 21st, 2018 @ 12:53 pm
By: John Locke Foundation
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Back in October, General Fund revenues were $50.4 million behind projections, not much when the state expects to collect $23.1 billion for the year. Despite the relatively small difference, the usual advocates for higher taxes were out wringing their hands about the shortfall
Published: Wednesday, March 28th, 2018 @ 3:21 pm
By: John Locke Foundation
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Ron Penny's first job after college was in the state Department of Revenue mailroom. On Friday Gov. Roy Cooper named him secretary of revenue, a post in which he will manage state tax collections
Published: Saturday, April 8th, 2017 @ 4:32 pm
By: John Locke Foundation
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In another encouraging sign for North Carolina's economy, Governor Pat McCrory announced today that state revenue collections are $191 million ahead of projections through the first third of the fiscal year
Published: Thursday, December 1st, 2016 @ 7:03 pm
By: McCrory Communications
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By collecting $21.3 billion in General Fund revenues during the 2015-16 fiscal year, the corporate income tax rate will drop to 3 percent in January
Published: Thursday, August 4th, 2016 @ 4:59 am
By: John Locke Foundation
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The General Assembly's top economist on Thursday said that, unlike last year, when state tax collections appeared to suggest a shortfall in General Fund revenues, state government is on track to meet its projections for the current budget year.
Published: Wednesday, January 6th, 2016 @ 9:15 pm
By: John Locke Foundation
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A new round of tax cuts in the $21.735 billion state budget for 2015-16 may prevent the state from lowering the corporate income tax rate to 3 percent in 2017 because tax collections are projected to be $74.7 million lower than a revenue target set two years ago.
Published: Thursday, September 17th, 2015 @ 1:09 pm
By: John Locke Foundation
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The news that state revenue collections are coming in at $400 million above projections could signal a cut in the corporate tax rate for next year.
Published: Monday, May 11th, 2015 @ 4:38 pm
By: John Locke Foundation
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For many of us, Labor Day signifies the last day of summer. For local governments, it is the day property tax bills are sent to millions of citizens. Property taxes are one of the oldest forms of taxation in North Carolina and were used through the 1930s as a joint tax by state and local...
Published: Saturday, September 6th, 2014 @ 1:38 pm
By: John Locke Foundation
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Gov. Pat McCrory unveiled his first budget Wednesday that would spend $20.6 billion in the next fiscal year, an increase of about 2.2 percent over the current fiscal year's General Fund budget. The total state budget, including...
Published: Sunday, March 24th, 2013 @ 12:31 pm
By: John Locke Foundation
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According to the Triangle Business Journal, special state tax credits for renewable energy, research & development, and capital purchases reduced North Carolina's corporate-tax collections by nearly a quarter of a billion dollars last year.
Published: Monday, May 28th, 2012 @ 12:17 pm
By: John Locke Foundation
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A portion of the $11.5 million loss in 2010 can be attributed to management's $4 million write-off of doubtful receivables.
Published: Saturday, March 12th, 2011 @ 7:18 pm
By: BCN
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