Tax collections give state government a boost - Local news, weather, sports Savannah | WSAV On Your Side

Tax collections give state government a boost

Posted: Updated:
RALEIGH, N.C. -

North Carolina's tax coffers received a bump from April 15 collections - an uptick that's still caused analysts to lower revenue projections for the next two years.

The General Assembly's top staff economist told legislative leaders in an email Friday that he and Gov. Pat McCrory's budget office now expect a $406 million surplus at the fiscal year's end June 30. The Associated Press obtained a copy of the email.

The surplus was $110 million through March. Economist Barry Boardman told lawmakers the growth was higher than anticipated because more taxpayers decided to report income in 2012 for fear of higher federal taxes in 2013. Boardman says that change means less revenue in 2014 and 2015.

The information is important as legislators create the next state government budget.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Mysterious "woman in black" spotted in Tennessee

    Mysterious "woman in black" spotted in Tennessee

    A mysterious figure is capturing the attention of social media. She's been nicknamed "the woman in black" and she's been spotted in different parts of east Tennessee including Madisonville, Athens, Sweetwater and now Morgan County.
    A mysterious figure is capturing the attention of social media. She's been nicknamed "the woman in black" and she's been spotted in different parts of east Tennessee including Madisonville, Athens, Sweetwater and now Morgan County.
  • Couple arrested for having sex on Cortez Beach in front of beachgoers

    Couple arrested for having sex on Cortez Beach in front of beachgoers

    Tuesday, July 22 2014 1:08 PM EDT2014-07-22 17:08:35 GMT
    Bradenton Beach police officers were dispatched to Cortez Beach after a few people called 911 and complained about a couple having sex publicly, right next to a little girl on the beach.
    Bradenton Beach police officers were dispatched to Cortez Beach after a few people called 911 and complained about a couple having sex publicly, right next to a little girl on the beach.
  • Local Contractor Sued Over School Construction

    Local Contractor Sued Over School Construction

    Friday, July 25 2014 7:08 AM EDT2014-07-25 11:08:34 GMT
    Four minority subcontractors have sued Rives Worrell, a Savannah general contractor, who they say exploited their protected status to win the Hesse K-8 construction project.
    Four minority subcontractors have sued Rives Worrell, a Savannah general contractor, who they say exploited their protected status to win the Hesse K-8 construction project.
  • Trending StoriesTrending StoriesMore>>

  • 77-year-old questioned, defended as true Marine after NFL player takes his photo

    77-year-old questioned, defended as true Marine after NFL player takes his photo

    Tuesday, July 22 2014 1:58 PM EDT2014-07-22 17:58:35 GMT
    (WMC) - It was a story that made its rounds on social media. On a recent flight DeAngelo Williams, Mid-Southerner and running back for the Carolina Panthers, gave his first-class plane seat to a 77-year-old
    Family members are upset and hurt that their relative, James Wesley Bolden, is being called a liar and "a fake."
  • Largest companies by revenue in each state

    Largest companies by revenue in each state

    Thursday, July 10 2014 8:01 PM EDT2014-07-11 00:01:10 GMT
    Broadview Networks recently decided to find out the biggest -- by revenue -- company in each state in the US.The company used the Fortune 500 list to start with, but needed data by state, so it turned to Hoover's.With data from that company, they were able to search through each state's list of companies and then find the largest -- by revenue.Just flip through the list above and see who is the biggest in each state, what town they are based and their revenue.
    Broadview Networks recently decided to find out the biggest -- by revenue -- company in each state in the US.The company used the Fortune 500 list to start with, but needed data by state, so it turned to Hoover's.With data from that company, they were able to search through each state's list of companies and then find the largest -- by revenue.Just flip through the list above and see who is the biggest in each state, what town they are based and their revenue.
  • Air Algerie jet with 116 on board crashes in Mali

    Air Algerie jet with 116 on board crashes in Mali

    Friday, July 25 2014 2:56 AM EDT2014-07-25 06:56:56 GMT
    The official Algerian news agency says an Air Algerie flight from Burkina Faso to Algiers has disappeared from the radar.
    An Air Algerie jetliner carrying 116 people crashed Thursday in a rainstorm over restive Mali, the third major international aviation disaster in a week.
Powered by WorldNow

1430 East Victory Drive
Savannah, GA 31404

Telephone: 912.651.0300
Fax: 912.651.0320
Email: newsemailalert@wsav.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.