North Carolina’s financial health is the best its been in decades, no thanks to Democrats. It took a tea party revolt back in 2010 to set this ship aright and what thanks do Republicans get? A derisive backhand from legions of teat squawkers and their poo peddlers in the media.
Back in June, The General Fund Monthly Financial Report projected that the state was running a surplus. But I’m sure no one read that in the Charlotte Observer, the News & Observer, or any other Observer that infest North Carolina. Here is an excerpt from the Civitas Institute:
The General Fund Monthly Financial Report reported that when compared to the prior year – through May 31st — net tax and non-tax revenues were up $834.9 million, an increase of 4 percent over the previous year. Overall tax revenue is up $803.3 million while non-tax revenue is up $31.6 million over the previous year.
The report continued:
The Fiscal Research Division estimates that General Fund revenue through May 2018, is $252.8 million above the revenue target. The revenue targets are monthly projections based on the May 2017 consensus forecast, 2017 session adjustments, and previous monthly collection trends.
Let’s all hope for a blue wave to wash away any fiscal responsibility that adorns this great state.
Source:
https://www.nccivitas.org/civitas-review/revenue-estimates-252-2-million-ahead-targets/?mc_cid=8c6e00c861&mc_eid=14e57077d5
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