John Locke Foundation President John Hood discusses the likelihood that Gov. Beverly Perdue and N.C. legislators will pursue tax hikes in 2009. Hood offered these comments to Gerrick Brenner for a report on ABC 11 (WTVD) March 10, 2009.
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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.