North Carolina’s budget analysts have scaled back the state’s General Fund revenue projections for the next three years, citing signs of economic slowdown and increasing pressure on the economy from tariffs in federal trade policy.
UNC universities benefit from sports betting tax revenue.
I’ve never been more delighted to be mistaken. A couple of weeks ago, I wrote a column observing that, over the first eight months of the 2023-24 fiscal year, the state’s General Fund revenue was down slightly from what was collected during the first eight months of the previous fiscal year. North Carolina faced no...
State Controller Nels Roseland has just released five months of reports about North Carolina’s General Fund budget. I’m told the delay wasn’t nefarious. It was caused by a change in accounting systems. Well, better late than never — but I hope the delay hasn’t lulled our leaders into complacency. Over the first two-thirds of the...
The fiscal challenge facing the North Carolina General Assembly just got a lot more daunting.
North Carolina will be making the 2-year-old lottery more attractive to play. As part of the just-concluded state budget, the lottery rules were changed to permit higher prize payouts. The hope is that better winnings will increase ticket sales and increase profits, or net proceeds, to the state.
The state had a small revenue surplus for the first quarter of the 2004-05 fiscal year, but that probably won't head off the budgetary train wreck coming next year.
State revenues are apparently still running slightly above projections in this fiscal year -- but lawmakers shouldn't get too excited about what this means for the 2004 session.
The Attorney General’s office threw the first blow in the legal tussle over tax reimbursements on Monday, suggesting that localities have no standing to sue the state.
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