From Carolina Journal Radio Program No. 768: The federal tax reform package has grabbed recent headlines, but advocates of better tax policy have seen recent gains at the state and local levels as well. Patrick Gleason, director of state affairs at Americans for Tax Reform, says his group has been happy to see recent victories against taxes on soda and plastic bags.
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State forecasts $1.4 billion budget surplus
The North Carolina General Assembly's Fiscal Research Division projects that while inflation and interest rates are still up, the state will have $400 million over in collections in the current fiscal year and $1 billion additional revenue coming into the state coffers in FY 2024-25.