Senate Leader Phil Berger (R-Rockingham) released the following statement about the consensus revenue forecast showing the state has a one-time $3.25 billion surplus:
All tagged surplus
State tax collections spike, opening door for tax-relief measure
North Carolina has collected more than $6 billion in state taxes than was originally forecast in May 2020 by state economists. That’s the finding of a report presented to members of the Joint Full Chairs Appropriations Finance Committee by the nonpartisan Fiscal Research Division at the General Assembly and the Office of State Budget and Management.