Wave header image graphic banner
Public Radio For Eastern North Carolina 89.3 WTEB New Bern 88.5 WZNB New Bern 91.5 WBJD Atlantic Beach 90.3 WKNS Kinston 88.1 W201AO Greenville 88.5 WHYC Swan Quarter
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

Officials: Expect $4.2B more NC revenue this year, $2B next

taxes.jpg
"Tax Calculator and Pen" by Dave Dugdale is licensed under CC BY-SA 2.0
/

North Carolina officials say state government tax collections will smash the projections used to help fashion the first year of the current two-year state budget. The legislature’s economists and Gov. Roy Cooper’s budget office now believe state coffers should take in $4.24 billion more in the fiscal year ending June 30 than predicted last June. That’s a nearly 15% increase. A memo released Monday by the General Assembly's fiscal division also says the state should anticipate collecting $2 billion more in the next fiscal year. These new numbers will inform Republican budget-writers and Cooper when they consider budget changes. The General Assembly session begins next week.