Current location:world >>
North Carolina sees slight surplus this year, $1B more next year
world13People have gathered around
IntroductionRALEIGH, N.C. (AP) — North Carolina’s government should collect higher revenues during this fiscal y ...
RALEIGH, N.C. (AP) — 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 General Assembly and Gov. Roy Cooper’s state budget office now predict collections will exceed revenue budgeted for the year ending June 30 by $413 million, or a 1.2% increase. And state coffers will bring in $1 billion more in the fiscal year starting July 1 than what was anticipated, or a 3% increase.
The budget law enacted by the Republican-controlled General Assembly had planned for a slight decline in revenue from this fiscal year to the next, in part due to tax cuts.
A legislative staff economist’s email to lawmakers attributes the upgrade to stronger than anticipated individual income tax collections and modestly higher sales tax collections. The memo cites low unemployment, wage growth, additional consumer spending and rising prices.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Stellar Scope news portal”。http://qatar.boluescortbayan.net/news-59b599380.html
Related articles
Three Maryland family members fatally shot, another wounded, suspect takes own life, police say
worldELKRIDGE, Md. (AP) — A Maryland man killed three family members and critically wounded his son befor ...
【world】
Read morePakistan test
worldISLAMABAD (AP) — Pakistan’s military said it successfully test-fired Wednesday a short-range, indige ...
【world】
Read moreA Swiss court sentences a former Gambian interior minister to 20 years for crimes against humanity
worldGENEVA (AP) — Switzerland’s top criminal court on Wednesday convicted a former interior minister of ...
【world】
Read more
Popular articles
- Inside Love Island star Jess White's jet
- The US is wrapping up a pier to bring aid to Gaza by sea. But danger and uncertainty lie ahead
- The US is wrapping up a pier to bring aid to Gaza by sea. But danger and uncertainty lie ahead
- Glamor and grit are both on show in a London exhibition of photos from Elton John's collection
- Reliever Drew Smith back with Mets after missing almost 6 weeks with shoulder soreness
- French president is considering imposing a state of emergency in the territory of New Caledonia
Latest articles
Trump loved Daily Mail's poll showing a post
Tom Sandoval SHUTS down break
Sarah Jessica Parker gives MAJOR Aidan Shaw update ahead of And Just Like That
Alexa Chung dazzles in a green sequinned co
A fire at a Russian oil refinery has caused deaths and injuries, officials say
George Clooney, 63, to make Broadway debut in adaptation of his 2005 film Good Night, and Good Luck
LINKS
- Buccaneers add offensive line help, select Duke C Graham Barton in NFL draft
- House approves bill to criminalize organ retention without permission
- Growing public debt burden, shrinking fiscal space leave Africa at crossroads: UNECA
- Frustrated with Brazil's Lula, Indigenous peoples march to demand land recognition
- Driver charged with negligent homicide in fiery crash that shut down Connecticut highway bridge
- Almost 100,000 elderly patients endure 12
- Ten stocks to invest in NOW to profit from Rishi's defence spending boost
- Magic hand Cavaliers worst playoff loss in franchise history, win 121
- Jets trade down a spot and then take Penn State offensive tackle Olu Fashanu at No. 11 in NFL draft
- New Orleans hires Stacy Hollowell as basketball coach