Tax collections give state government a boost - WRBL

Tax collections give state government a boost

Posted: Updated:
RALEIGH, N.C. -

North Carolina's tax coffers received a bump from April 15 collections - an uptick that's still caused analysts to lower revenue projections for the next two years.

The General Assembly's top staff economist told legislative leaders in an email Friday that he and Gov. Pat McCrory's budget office now expect a $406 million surplus at the fiscal year's end June 30. The Associated Press obtained a copy of the email.

The surplus was $110 million through March. Economist Barry Boardman told lawmakers the growth was higher than anticipated because more taxpayers decided to report income in 2012 for fear of higher federal taxes in 2013. Boardman says that change means less revenue in 2014 and 2015.

The information is important as legislators create the next state government budget.

  • PoliticsMore>>

  • NC legislators approve regulating toxic coal ash

    NC legislators approve regulating toxic coal ash

    Wednesday, August 20 2014 8:36 PM EDT2014-08-21 00:36:33 GMT
    File photoFile photo
    North Carolina lawmakers have approved legislation they say makes the state the nation's first to address decades of toxic water pollution from residue left behind by coal-burning electricity plants.
    North Carolina lawmakers have approved legislation they say makes the state the nation's first to address decades of toxic water pollution from residue left behind by coal-burning electricity plants.
  • State officials hear from both sides of NC fracking debate

    State officials hear from both sides of NC fracking debate

    Wednesday, August 20 2014 5:56 PM EDT2014-08-20 21:56:13 GMT
    People rallying outside ahead of Wednesday's public comment hearing on fracking.People rallying outside ahead of Wednesday's public comment hearing on fracking.
    Supporters and opponents of the process of hydraulic fracturing, commonly referred to as “fracking,” are today getting an opportunity to voice their opinions on the process.
    Supporters and opponents of the process of hydraulic fracturing, commonly referred to as “fracking,” are today getting an opportunity to voice their opinions on the process.
  • Hunter fills Martin's NC associate justice seat

    Hunter fills Martin's NC associate justice seat

    Wednesday, August 20 2014 1:44 PM EDT2014-08-20 17:44:30 GMT
    Judge Robert Hunter, of Morehead City, was appointed an associate Supreme Court justice.Judge Robert Hunter, of Morehead City, was appointed an associate Supreme Court justice.
    Gov. Pat McCrory appointed Judge Robert Hunter of Morehead City on Wednesday to become an associate Supreme Court justice.
    Gov. Pat McCrory appointed Judge Robert Hunter of Morehead City on Wednesday to become an associate Supreme Court justice.
Powered by WorldNow

1350 13th Avenue
Columbus, GA 31901

Telephone: 706.323.3333
Fax: 706.327.6655
Email: news@wrbl.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.