NC Will Have $500 Million Budget Surplus |
State Government |
By Administrator |
Friday, 10 February 2017 12:28 |
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.
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