Tax collections give state government a boost - WSLS 10 NBC in Roanoke/Lynchburg Va

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.

  • USDA grant gives local schools healthy snacks

    USDA grant gives local schools healthy snacks

    Wednesday, September 17 2014 7:26 AM EDT2014-09-17 11:26:58 GMT
    A handful of school districts across Southwest Virginia are using federal grant money to get healthy snacks into the hands of elementary students.
    A handful of school districts across Southwest Virginia are using federal grant money to get healthy snacks into the hands of elementary students.
  • Goodlatte expects quick action from Congress responding to ISIS

    Goodlatte expects quick action from Congress responding to ISIS

    Wednesday, September 17 2014 6:47 AM EDT2014-09-17 10:47:20 GMT
    Rep. Bob Goodlatte at Tuesday's announcement.Rep. Bob Goodlatte at Tuesday's announcement.
    As Congress continues to decide how to respond to ISIS, Representative Bob Goodlatte said it's important President Obama comes to Congress before acting.
    As Congress continues to decide how to respond to ISIS, Representative Bob Goodlatte said it's important President Obama comes to Congress before acting.
  • What's News Today, Wednesday, September 17, 2014

    What's News Today

    Here's a look at some of the stories we'll be following today as they make headlines across the country and Southwest Virginia.

    Here's a look at some of the stories we'll be following today as they make headlines across the country and Southwest Virginia.

Powered by WorldNow

WSLS 10, P.O. Box 10
Roanoke, VA 24022-0010

Telephone: 540.981.9110
Fax: 540.343.3157
Email: news@wsls.com

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