The legislative Fiscal Research Division is out with a new report updating the state’s General Fund revenue and economic outlook. Some highlights from the report: General Fund revenue through three quarters of the fiscal year is $110 million above a $14.3 billion revenue target. Tax revenues are $126 million above a $13.5 billion target, while [...]
Does NC Have a Revenue Problem?
The N&O editors offer up this hard-left spin on the Governor’s state of the state speech. A few items in particular jump out at me. When discussing the proposal to reduce the state’s 6.9% corporate tax (highest in the SE) to 4.9% (lowest in the SE), the N&O editors lament ”the $400 million to $600 million [...]
