Submitted by George Pence on Sun, 01/07/2007 - 1:25am
According to The Charlotte Observer, the state's budget forecast has gone from optimistic and rosy to absolutely desperate in the space of eleven days.
First let me give you the good news as we once knew it. That version was reported on December 26th in an article by J. Andrew Curliss entitled "N.C. Tax Income Exceeding Plan, Commitments Loom: Easley purposefully used conservative collection figure"...
Nearing the halfway point of the state's budget year, it appears the government will bring in more money from taxes and fees than it had planned....
Receipts in the state's general fund budget were $130 million to $160 million ahead of the forecast over the first five months of the fiscal year, when about $7.1 billion was due to be collected, according to a legislative research budget report.
Curliss goes on to offer one tiny bit of caution when he reports that Rep. Jim Crawford, one of the legislature's chief budget writers, says that while the news that collections are ahead of pace is promising, there are no signs that the income will cover all of the predicted deficit.
BlueNC is a labor of love. Views expressed by any particular community member are simply that: the views of that particular member. If you have questions or concerns about the content you see here, please contact us.