Mitch Kokai, John Locke Foundation director of communications, discusses recent N.C. tax reforms and the state budget. Kokai offered these comments during the May 10, 2014, edition of WRAL’s “On The Record.”
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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.