The North Carolina State Controller recently released its monthly General Fund report for September. The report marks the first quarter of the current fiscal year that started July ... Keep Reading
tax revenue
Revenue Update: $1.1B Deficit for FY 2019-20; “July Surprise” bolsters current year revenue
The "July surprise" boost to revenue has state revenue for the current fiscal year far ahead of schedule, while last fiscal year ended with a $1.1 billion shortfall. From the ... Keep Reading
Fact Check: Conservative tax reforms did not have ‘harsh consequences’ on state revenue
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 ... Keep Reading
The “April/July surprise” revenue is in: What it means for the budget
Yesterday the legislature's Fiscal Research Division shared a memo regarding their new revenue estimates for FY 2019-20, which holds important implications for the current fiscal ... Keep Reading
Another State Revenue Surplus Reported
State government revenue is $188.6 million ahead of projections for the first half of the fiscal year 2018-19, according to a new report from the Fiscal Research Division. The ... Keep Reading
“Steadily Growing Economy” Leads to Budget Surplus
Thanks largely to "a steadily growing economy," North Carolina state government experienced another major budget surplus for the fiscal year that just ended June 30. According ... Keep Reading
State Budget’s Revenue Surplus a Result of “More Jobs and Higher Pay”
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. The state ... Keep Reading
Senate Sales Tax Redistribution Plan: Are Rural County Schools Really Under-funded?
As hinted at last week, the Senate yesterday introduced legislation that would alter how sales tax revenue is distributed to counties across the state. At a press conference ... Keep Reading
NC Senate Introduces Plan to “Redistribute” Sales Tax Revenue
A plan is emerging in the Senate to re-work the formula for how sales tax revenue are distributed in NC. Some of the details: Leaders in the state Senate are crafting a plan that ... Keep Reading
