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Results found for "state revenue"


The state Revenue Department has filed a brief with North Carolina's highest court defending its decision to block a tax exemption related to equipment purchased to make asphalt.
The state Revenue Department has filed a brief with North Carolina's highest court defending its decision to block a tax exemption related to equipment purchased to make asphalt.
 
The North Carolina Chamber Legal Institute backs a company in its legal fight with the state Revenue Department over a tax exemption.
The North Carolina Chamber Legal Institute backs a company in its legal fight with the state Revenue Department over a tax exemption.
 
State Still Collected $3 Billion in Surplus Revenue
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.)
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.)
 
The Office of State Budget and Management and the General Assembly’s Fiscal Research Division released their joint forecast for North Carolina’s revenue today. This is a standard procedure that occurs in the early days of the budgeting process to inform lawmakers of the state of the economy.
The Office of State Budget and Management and the General Assembly’s Fiscal Research Division released their joint forecast for North Carolina’s revenue today. This is a standard procedure that occurs in the early days of the budgeting process to inform lawmakers of the state of the economy.
 
North Carolina’s state government revenues continue to exceed expectations. According to the new state budget Director Kristen Walker, revenues for the current fiscal year that began July 1 are 10% higher than expected, as reported by the Associated Press.
North Carolina’s state government revenues continue to exceed expectations. According to the new state budget Director Kristen Walker, revenues for the current fiscal year that began July 1 are 10% higher than expected, as reported by the Associated Press.
 
The nonprofit Tax Foundation has released its State Business Tax Climate Index each year since 2003, distilling complicated tax environments into a simple and easy-to-understand ranking. The index is focused on how states generate revenue, not how much.
The nonprofit Tax Foundation has released its State Business Tax Climate Index each year since 2003, distilling complicated tax environments into a simple and easy-to-understand ranking. The index is focused on how states generate revenue, not how much.
 
With state revenue for the current fiscal year now projected to be $4.2 billion higher than originally predicted, state budget writers are sitting on a sizeable stack of funds.
With state revenue for the current fiscal year now projected to be $4.2 billion higher than originally predicted, state budget writers are sitting on a sizeable stack of funds.
 
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.
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.
 
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
State revenue forecasts jump from $28.4 billion to $32.6 billion in fiscal year 2021-2022.
 
The proposed merger of Atrium Health and Advocate Aurora Health into a six-state medical behemoth pocketing $27 billion in annual revenue raises many red flags.
The proposed merger of Atrium Health and Advocate Aurora Health into a six-state medical behemoth pocketing $27 billion in annual revenue raises many red flags.
 
State government tax revenues have well-exceeded expectations this fiscal year, WRAL reported. Personal income and sales and use tax revenues were $766 million and $330 million above projections, respectively.
State government tax revenues have well-exceeded expectations this fiscal year, WRAL reported. Personal income and sales and use tax revenues were $766 million and $330 million above projections, respectively.
 
N.C. State Treasurer Dale Folwell has joined 24 state treasurers in signing a letter opposing a portion of national Democrats’ $3.5-trillion budget reconciliation bill that would expand the power of the Internal Revenue Service.
N.C. State Treasurer Dale Folwell has joined 24 state treasurers in signing a letter opposing a portion of national Democrats’ $3.5-trillion budget reconciliation bill that would expand the power of the Internal Revenue Service.
 
The state budget may be spared economists’ worst fears from the COVID pandemic, according to a new tax revenue forecast.
The state budget may be spared economists’ worst fears from the COVID pandemic, according to a new tax revenue forecast.
 
The progressive left in North Carolina has for years attempted to paint a narrative that the conservative tax reforms over the last several years have starved state government of funding, and have left budgets “cut to the bone.”
The progressive left in North Carolina has for years attempted to paint a narrative that the conservative tax reforms over the last several years have starved state government of funding, and have left budgets “cut to the bone.”
 
State revenue is an estimated $4 billion short, but public school teachers don’t care.
State revenue is an estimated $4 billion short, but public school teachers don’t care.
 
North Carolina state revenues have taken a major hit since the Coronavirus outbreak began.
North Carolina state revenues have taken a major hit since the Coronavirus outbreak began.
 
The National Center for Education Statistics recently published The Condition of Education 2020, which is a compendium of education statistics and data collected and compiled by NCES researchers.
The National Center for Education Statistics recently published The Condition of Education 2020, which is a compendium of education statistics and data collected and compiled by NCES researchers.
 
The North Carolina Office of State Controller just released its latest General Fund monthly financial report for April.
The North Carolina Office of State Controller just released its latest General Fund monthly financial report for April.
 
Tax revenues are falling for states and local governments across the country.
Tax revenues are falling for states and local governments across the country.
 
Today, I am holding the Iranian regime responsible for attacks against United States personnel and interests by denying it substantial revenue that may be used to fund and support its nuclear program, missile development, terrorism and terrorist proxy networks, and malign regional influence.
Today, I am holding the Iranian regime responsible for attacks against United States personnel and interests by denying it substantial revenue that may be used to fund and support its nuclear program, missile development, terrorism and terrorist proxy networks, and malign regional influence.
 
State tax credits for solar energy projects made for bad public policy. That doesn’t excuse recent action from the N.C. Revenue Department that denies those credits to solar energy finance companies.
State tax credits for solar energy projects made for bad public policy. That doesn’t excuse recent action from the N.C. Revenue Department that denies those credits to solar energy finance companies.
 
The dispute between solar energy finance companies and the state’s revenue department has reached court.
The dispute between solar energy finance companies and the state’s revenue department has reached court.
 
State Revenue Secretary Ronald Penny warns that some small municipalities in rural counties shedding residents and tax base might not survive
State Revenue Secretary Ronald Penny warns that some small municipalities in rural counties shedding residents and tax base might not survive
 
Republican legislative leaders fear more lawsuits and constitutional showdowns with Democratic Gov. Roy Cooper will occur if, in their view, he keeps stepping on their control over state revenues
Republican legislative leaders fear more lawsuits and constitutional showdowns with Democratic Gov. Roy Cooper will occur if, in their view, he keeps stepping on their control over state revenues
 
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
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
 
While most state government watchers were focused on a last-minute legislation at the General Assembly, some good news came out of the Office of the State Controller
Published: Sunday, July 1st, 2018 @ 2:57 am By: Civitas Insitute
While most state government watchers were focused on a last-minute legislation at the General Assembly, some good news came out of the Office of the State Controller
 
The state's largest health insurance company is removing a community hospital in Stokes County from its network after an alleged scheme to score millions in insurance revenue
The state's largest health insurance company is removing a community hospital in Stokes County from its network after an alleged scheme to score millions in insurance revenue
 
When the North Carolina Senate recently passed a bill with several moving parts - a newly reconstituted State Board of Elections, a rebuff of Gov. Roy Cooper’s attempt to evade legislative control of state revenue, and a multi-year fix to a funding dispute about class size
When the North Carolina Senate recently passed a bill with several moving parts - a newly reconstituted State Board of Elections, a rebuff of Gov. Roy Cooper’s attempt to evade legislative control of state revenue, and a multi-year fix to a funding dispute about class size
 
United States Senators Thom Tillis (R-NC) and Elizabeth Warren (D-MA) recently announced they were successful in urging the Internal Revenue Service (IRS) to reconsider a decision that would have caused lower-income military retirees to lose federal retirement benefits
Published: Tuesday, January 23rd, 2018 @ 4:05 pm By: Thom Tillis
United States Senators Thom Tillis (R-NC) and Elizabeth Warren (D-MA) recently announced they were successful in urging the Internal Revenue Service (IRS) to reconsider a decision that would have caused lower-income military retirees to lose federal retirement benefits
 
The N.C. Local Government Commission Tuesday approved $11.3 million in construction bonds sought by Jones County Schools
The N.C. Local Government Commission Tuesday approved $11.3 million in construction bonds sought by Jones County Schools
 
North Carolina has collected less state revenue so far than projected for the 2017-18 fiscal year, to the tune of about $134 million
North Carolina has collected less state revenue so far than projected for the 2017-18 fiscal year, to the tune of about $134 million
 
A new report ranking states' fiscal health puts North Carolina 15th nationally, highlighting the Tar Heel State's strong revenue and solid pension funding.
A new report ranking states' fiscal health puts North Carolina 15th nationally, highlighting the Tar Heel State's strong revenue and solid pension funding.
 
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
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
 
Governor Roy Cooper's spokesman Ford Porter released the following statement in response to updated revenue projections...
Governor Roy Cooper's spokesman Ford Porter released the following statement in response to updated revenue projections...
 
Despite the threats from outside sources, this past week, the General Assembly's Fiscal Research Division and the Office of State Budget and Management released a report that North Carolina is expected to have a half billion dollar surplus this year
Published: Sunday, February 12th, 2017 @ 9:17 pm By: Bill Cook
Despite the threats from outside sources, this past week, the General Assembly's Fiscal Research Division and the Office of State Budget and Management released a report that North Carolina is expected to have a half billion dollar surplus this year
 
After closing the fiscal year that ended June 30 with a $425 million revenue surplus, the first quarter of the new fiscal year has yielded a surplus of $191 million
After closing the fiscal year that ended June 30 with a $425 million revenue surplus, the first quarter of the new fiscal year has yielded a surplus of $191 million
 
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
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
 
State employees from N.C. Commerce, N.C. Health and Human Services, and N.C. Revenue will team up to build a Habitat for Humanity home at the North Carolina State Fair in just ten days from start to finish.
State employees from N.C. Commerce, N.C. Health and Human Services, and N.C. Revenue will team up to build a Habitat for Humanity home at the North Carolina State Fair in just ten days from start to finish.
 
"North Carolina's economy is firing on all cylinders," said Governor McCrory. "North Carolina is home to one of the fastest growing economies in the nation, revenues are up above projections, unemployment is at an 8-year-low and more than 275,000 private sector jobs have been added since 2013."
"North Carolina's economy is firing on all cylinders," said Governor McCrory. "North Carolina is home to one of the fastest growing economies in the nation, revenues are up above projections, unemployment is at an 8-year-low and more than 275,000 private sector jobs have been added since 2013."
 
In another encouraging sign for North Carolina's economy, Governor Pat McCrory announced today that for the third time this year, the State Budget Office has revised revenue figures upward above May projections by $95 million
In another encouraging sign for North Carolina's economy, Governor Pat McCrory announced today that for the third time this year, the State Budget Office has revised revenue figures upward above May projections by $95 million
 

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