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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.)
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 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.
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.
 
National Public Radio (NPR) announced Wednesday the network plans to cut the majority of vacant positions and slash around 10% of its current staff — approximately 100 employees — amid a “sharp decline” in advertisement revenues.
National Public Radio (NPR) announced Wednesday the network plans to cut the majority of vacant positions and slash around 10% of its current staff — approximately 100 employees — amid a “sharp decline” in advertisement revenues.
 
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.
 
Revenue opportunities resulting from hiring a gender clinic social worker
Revenue opportunities resulting from hiring a gender clinic social worker
 
Updated Forecast Reflects Historic Opportunity to Continue Making Progress for all North Carolinians
Updated Forecast Reflects Historic Opportunity to Continue Making Progress for all North Carolinians
 
The Internal Revenue Service released a proposed revenue procedure on Monday which would entail employers in the service industry voluntarily reporting their workers’ tips to the tax agency.
The Internal Revenue Service released a proposed revenue procedure on Monday which would entail employers in the service industry voluntarily reporting their workers’ tips to the tax agency.
 
Southwest Airlines reported a $220 million loss in the fourth quarter and warned investors that fallout from the company’s holiday meltdown would continue.
Southwest Airlines reported a $220 million loss in the fourth quarter and warned investors that fallout from the company’s holiday meltdown would continue.
 
A report from the Internal Revenue Service released last week indicated that officials are devoting much of the agency’s recent funding windfall toward audits even as the degree to which the actions will impact everyday taxpayers remains uncertain.
A report from the Internal Revenue Service released last week indicated that officials are devoting much of the agency’s recent funding windfall toward audits even as the degree to which the actions will impact everyday taxpayers remains uncertain.
 
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.
 
A 17-state coalition seeking out gas tax alternatives is looking for volunteers in North Carolina to test mileage-based user fees (MBUF).
A 17-state coalition seeking out gas tax alternatives is looking for volunteers in North Carolina to test mileage-based user fees (MBUF).
 
State revenue forecasts jump from $28.4 billion to $32.6 billion in fiscal year 2021-2022.
State revenue forecasts jump from $28.4 billion to $32.6 billion in fiscal year 2021-2022.
 
The Left insists government is better poised than you to spend more of your hard-earned money.
The Left insists government is better poised than you to spend more of your hard-earned money.
 
The N.C. Department of Revenue faced a legal setback last month in an ongoing fight over renewable energy tax credits. The state’s top administrative law judge rejected the department’s attempt to deny credits to a renewable energy investor.
The N.C. Department of Revenue faced a legal setback last month in an ongoing fight over renewable energy tax credits. The state’s top administrative law judge rejected the department’s attempt to deny credits to a renewable energy investor.
 
Updated forecast confirms historic opportunity to meet the needs of North Carolina communities and ensure a shared recovery from the pandemic
Updated forecast confirms historic opportunity to meet the needs of North Carolina communities and ensure a shared recovery from the pandemic
 
Recently, U.S. Senator Thom Tillis (R-NC) and 40 of his colleagues introduced legislation to prevent the Internal Revenue Service (IRS) from being used as a political weapon against American citizens.
Recently, U.S. Senator Thom Tillis (R-NC) and 40 of his colleagues introduced legislation to prevent the Internal Revenue Service (IRS) from being used as a political weapon against American citizens.
 
Everything that the UNC system and its constituent institutions do is dependent on a generous inflow of money.
Everything that the UNC system and its constituent institutions do is dependent on a generous inflow of money.
 
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.
 
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.
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.
 
Tax collections for the six months from April through September continue to track closely with the same period a year ago
Tax collections for the six months from April through September continue to track closely with the same period a year ago
 
In 2014, the UNC Board of Governors voted to “place a 15 percent cap on the amount of tuition revenue that can be applied to need-based student financial aid.”
In 2014, the UNC Board of Governors voted to “place a 15 percent cap on the amount of tuition revenue that can be applied to need-based student financial aid.”
 
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.”
 
The full picture for 2019 income taxes is now available, but it does not provide much clarity about the revenue picture for the rest of FY2020-21.
The full picture for 2019 income taxes is now available, but it does not provide much clarity about the revenue picture for the rest of FY2020-21.
 
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.
 
North Carolina’s community colleges are struggling to avoid revenue shortfalls and payroll problems.
North Carolina’s community colleges are struggling to avoid revenue shortfalls and payroll problems.
 
Tax revenues are falling for states and local governments across the country.
Tax revenues are falling for states and local governments across the country.
 
The General Assembly plans to return for a short session April 28, and will need to be ready to hit the ground running, said Speaker of the House Tim Moore, R-Cleveland.
The General Assembly plans to return for a short session April 28, and will need to be ready to hit the ground running, said Speaker of the House Tim Moore, R-Cleveland.
 
The North Carolina Association of Educators (NCAE) is the largest teacher’s union in North Carolina.
The North Carolina Association of Educators (NCAE) is the largest teacher’s union in North Carolina.
 
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.
 
A major solar energy financing company says the N.C. Department of Revenue may be breaking the law. The company has formally asked DOR to justify a regulation rejecting state tax credits the company’s clients have claimed.
A major solar energy financing company says the N.C. Department of Revenue may be breaking the law. The company has formally asked DOR to justify a regulation rejecting state tax credits the company’s clients have claimed.
 
Gov. Roy Cooper, an advocate for renewable energy whose family leases land for solar farms, is denying tax credits for solar energy investments.
Gov. Roy Cooper, an advocate for renewable energy whose family leases land for solar farms, is denying tax credits for solar energy investments.
 
Advocates for higher taxes and spending were excited to see a new pool of economic activity from which to siphon money, but Gov. Roy Cooper's Department of Revenue (NCDOR) may have overstepped its authority in interpreting state law and a recent U.S. Supreme Court decision
Advocates for higher taxes and spending were excited to see a new pool of economic activity from which to siphon money, but Gov. Roy Cooper's Department of Revenue (NCDOR) may have overstepped its authority in interpreting state law and a recent U.S. Supreme Court decision
 
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
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 U.S. Patent Office Takes A Long Time To Approve A Patent But It Is About To Add Slow To Long
The U.S. Patent Office Takes A Long Time To Approve A Patent But It Is About To Add Slow To Long
 
$265.8 million; remember that number. That's North Carolina's projected revenue surplus, according to the Fiscal Research Division (FRD) of the North Carolina General Assembly
$265.8 million; remember that number. That's North Carolina's projected revenue surplus, according to the Fiscal Research Division (FRD) of the North Carolina General Assembly
 
The landmark Leandro case may be short one defendant if a Superior Court judge grants the State Board of Education's motion to withdraw from the case
The landmark Leandro case may be short one defendant if a Superior Court judge grants the State Board of Education's motion to withdraw from the case
 
Earlier in the week Under the Dome ran a piece by N&O reporter Will Doran where he relays Governor Cooper’s apprehension about having enough money for next year’s state budget
Earlier in the week Under the Dome ran a piece by N&O reporter Will Doran where he relays Governor Cooper’s apprehension about having enough money for next year’s state budget
 
High Point is closer to getting a professional baseball team
 
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
 
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