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 88.5 WHYC Swan Quarter 89.9 W210CF Greenville
Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations

NC Tax Revenue Soars, $6.5B Windfall Predicted By Mid-2023

North Carolina economists report government coffers could collect several billion dollars more by the middle of 2023 than what that anticipated just four months ago. A forecast released Tuesday by Gov. Roy Cooper's budget office and the legislature’s fiscal research agency says revenue collections for the year ending June 30 will be $1.9 billion more than previously predicted. They also increased projected revenues for the next two years by well over $2 billion annually. The economists attribute the extraordinary windfall to a resurgent post-pandemic economy. It means more fiscal decisions for Republican lawmakers and Cooper about how to spend, save or cut taxes.