Joseph Coletti, John Locke Foundation fiscal policy analyst, responds to the N.C. Senate’s proposed tax “reform” package. Coletti offered these comments during an interview for Carolina Journal Radio (Program No. 313).
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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.