North Carolina state revenues are headed for another significant surplus this fiscal year, which started July 1, 2016.
The General Assembly’s top staff economist wrote legislative leaders Tuesday telling them that taxes, fees and other revenues are $322 million ahead of projections for the six months ending Dec. 31 — or 3 percent over the target…. Legislative economist Barry Boardman says revenue growth should continue to follow its current trend thanks to a state economy with stable economic growth. (emphasis added)
NC’s economy continues to outperform expectations – along with regional and national trends – since the historic tax cuts of 2013.