Under the Dome

February 10, 2015 7:08 PM

Latest NC revenue forecast: $271 million short

The latest state revenue forecast anticipates collections for the current fiscal year to come in about $271 million below the $21 billion budgeted by the General Assembly and Gov. Pat McCrory for the year. A memorandum from the General Assembly Fiscal Research Division and the Office of State Budget and Management released Tuesday cites slower-than-anticipated wage growth - which is pulling down personal income tax revenues - as a main cause of the 1.3 percent projected shortfall for 2014-15.

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Under the Dome is your inside source on North Carolina politics and government and has been a regular feature in The N&O since 1934. Check here for the latest on state and federal government, political advocacy and upcoming elections. This blog is maintained by the N&O politics staff.

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