North Carolina is on-track to have a half-billion dollar surplus. 

 

Estimates the legislature’s Fiscal Research Division and the state budget office predict a surplus of  $552.5 million. This is the third consecutive year of budget surpluses. In fiscal year 2015, the surplus was more than $400 million in 2015 and $425 million last year.

 

Higher wages and increasing personal income tax and sales tax collections fueled the surplus.