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North Carolina General Assembly lawmakers from the House and Senate met Tuesday to dig into why the state has $3.25 billion in excess revenue for the 2022-23 biennium. The revenue forecast was released last week by the Fiscal Research Division and the Office of State Budget and Management (O.S.B.M.)
Published: Saturday, March 11th, 2023 @ 11:00 am
By: Carolina Journal
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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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Yesterday the Fiscal Research Division of the North Carolina General Assembly and the Office of State Budget and Management released a revised revenue forecast for the Fiscal Year 2021-2023 biennium.
Published: Thursday, May 19th, 2022 @ 12:00 am
By: John Locke Foundation
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State revenue forecasts jump from $28.4 billion to $32.6 billion in fiscal year 2021-2022.
Published: Sunday, May 15th, 2022 @ 3:41 pm
By: Carolina Journal
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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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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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Governor Pat McCrory applauded North Carolina's strong revenue growth during the first quarter of the fiscal year, which is largely driven by strong wage growth and employment gains.
Published: Friday, October 21st, 2016 @ 2:57 am
By: McCrory Communications
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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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Governor Pat McCrory announced today very positive news for the state of North Carolina, which includes an estimated revenue surplus of approximately $400 million dollars for the current fiscal year which ends June 30. Previous consensus budget forecasts predicted a revenue shortfall of...
Published: Thursday, May 7th, 2015 @ 11:15 am
By: Chris Downey
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In 2011 North Carolina lawmakers passed a two-year state budget which legislators are reviewing this year. The current budget has built in increases of roughly a quarter billion dollars for the second year, and decisions were made based on revenue forecasts at that time.
Published: Saturday, May 26th, 2012 @ 6:28 pm
By: Civitas Insitute
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