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North Carolina revenue forecasts have surpassed $33 billion annually, and the state will have roughly $3.25 billion in excess for Fiscal Year 2022-23, or 10.7% more than had been previously budgeted.
Published: Saturday, March 4th, 2023 @ 10:44 pm
By: Carolina Journal
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Updated Forecast Reflects Historic Opportunity to Continue Making Progress for all North Carolinians
Published: Saturday, February 18th, 2023 @ 8:45 am
By: Governor's Office
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Updated forecast confirms historic opportunity to meet the needs of North Carolina communities and ensure a shared recovery from the pandemic
Published: Wednesday, June 23rd, 2021 @ 1:25 pm
By: Governor's Office
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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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We will offer this allotment of three with more to come; some old, most new, but all quite informative, and, moreover, necessary to understanding that in North Carolina, there is a wiser path to govern ourselves and our People.
Published: Friday, February 26th, 2021 @ 11:32 am
By: John Locke Foundation
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Consensus revenue forecast shows revenues will exceed May 2020 projections by $4.1 billion
Published: Saturday, February 13th, 2021 @ 5:59 pm
By: Governor's Office
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The state budget may be spared economists’ worst fears from the COVID pandemic, according to a new tax revenue forecast.
Published: Saturday, February 13th, 2021 @ 10:13 am
By: Carolina Journal
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North Carolina’s state government began its 2020-21 fiscal year with $1.5 billion in cash left over from last year plus another $1.8 billion in rainy-day funds and other earmarked reserves.
Published: Friday, September 18th, 2020 @ 3:28 pm
By: Carolina Journal
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Because the state hasn't passed an actual budget bill since FY 2018-19, however, the recommendations are essentially spending adjustments because there is no actual budget to adjust.
Published: Thursday, September 3rd, 2020 @ 5:00 pm
By: Civitas Insitute
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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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Today ends the last "slow week" at the Legislature. Many of us attended services for Congressman Walter B. Jones, Jr. in Greenville, NC.
Published: Friday, February 22nd, 2019 @ 11:22 am
By: S. Henri McClees
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Governor Pat McCrory applauded positive news that revealed revenues for the current year are projected to finish $330 million above initial budget projections.
Published: Thursday, May 12th, 2016 @ 2:47 pm
By: Stan Deatherage
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Building on transformational reforms begun in 2011, North Carolina's elected leaders continued changes in 2015 to curtail spending, instill fiscal responsibility, rein in regulations, improve education, make government open and accountable, and create the best possible conditions for economic growth
Published: Thursday, January 7th, 2016 @ 5:15 am
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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A little more than two years ago, North Carolina had an albatross strangling our economy.
Published: Thursday, May 14th, 2015 @ 11:13 pm
By: Bill Cook
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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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