NC Budget Surplus

Economists predict modest North Carolina surplus, but warn more tax cuts will curb revenues

February 16, 2025 Gary D. Robertson, The Associated Press

RALEIGH — North Carolina officials on Friday projected a modest revenue surplus this fiscal year, the result of stronger than anticipated economic conditions, but warned soon-implemented tax cuts should mean lower collections ahead, which could […]

NC downgrades projected revenue surplus

May 17, 2024 Gary D. Robertson

RALEIGH — North Carolina officials downgraded a projected state revenue surplus through mid-2025 by $430 million on Friday, citing lower than anticipated April 15 individual income tax payments due to recent business tax changes. Still, […]

North Carolina sees slight surplus this year, $1B more next year

April 18, 2024 Gary D. Robertson

RALEIGH — North Carolina’s government should collect higher revenues during this fiscal year and next than what is projected in the current two-year state budget, according to a new forecast released Wednesday. Economists for the […]

NC ended fiscal year with $3 billion surplus

August 10, 2023 North State Journal Staff

RALEIGH — North Carolina state coffers ended the 2022-23 fiscal year with revenues of $33.5 billion, adding an additional $3 billion above the state budget estimate. In addition, the Office of State Budget and Management (OSBM) […]

State’s tax collections soaring above expectations again

February 17, 2022 Gary D. Robertson, Associated Press

RALEIGH — North Carolina government tax collections have soared above expectations so far this fiscal year, as the state’s pandemic-rebounding economy has pumped consumer spending and edged the jobless rate close to pre-COVID-19 levels. Through […]

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NC Senate budget cuts taxes, boosts infrastructure spending amid revenue surplus

June 22, 2021 North State Journal Staff

RALEIGH — The North Carolina Senate, who introduces their spending plan first this biennium, presented their budget on June 21, maintaining the conservative approach General Assembly Republicans have been following since they took over the […]

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Cooper, Berger offer divergent views of state surplus forecast

June 15, 2021 North State Journal Staff

RALEIGH – A June 15 consensus revenue forecast shows that NC coffers are expected to have a surplus of over $6.5 billion by 2023 without funds from the American Rescue Plan. “These new numbers show […]

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NC Budget Surplus

Economists predict modest North Carolina surplus, but warn more tax cuts will curb revenues

NC downgrades projected revenue surplus

North Carolina sees slight surplus this year, $1B more next year

NC ended fiscal year with $3 billion surplus

State’s tax collections soaring above expectations again

NC Senate budget cuts taxes, boosts infrastructure spending amid revenue surplus

Cooper, Berger offer divergent views of state surplus forecast

WHATLEY: Gov. Cooper’s budget proposal could use less spending, more tax cuts

State revenue forecast predicts continued budget surpluses

Legislative leaders announce refund plan for $896.7 budget million surplus

The former governor and his family went to the Emergency Operations Center
Former law enforcement reveal Cooper evacuated during May 2020 rioting

The former governor and his family went to the Emergency Operations Center