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NC state revenues remain $125M ahead at fiscal year's midpoint

RALEIGH (AP) -- Despite a shaky national economy, North Carolina's coffers continue to do better than expected. A legislative economist said Thursday that state government revenue exceeded projections during the first half of the fiscal year, bringing in about $125 million more than expected. That's about 1.5 percent above the expectations used last year when creating the $20 billion state budget. The numbers cover revenue from July 1 through December 31. After the first quarter, the surplus was $75 million. The economists said it's a sign the North Carolina economy remains resistant compared to other states that are reporting shortfalls. But they caution that the state won't have a firm picture of its fiscal position until the April 15 tax returns arrive. (Copyright 2008 by The Associated Press. All Rights Reserved.)

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Thanks Mike!

Thanks for the highest gasoline tax in the South. I almost wouldn't mind it if the roads were in half decent shape, but considering that the only construction I've seen is the 4 year fiasco on Military Cutoff and the use of Slurry Paving (I thought it was a joke too!) to spray a liquid slurry on US 701, it's understandable why the coffers are so full. No wonder Tom Wright and Jim Black were so tempted. Apparently there's money stockpiled everywhere in Raleigh. I hope you all aren't planning on a huge severance package after the election. CUT OUR GAS TAX AND FIX THE ROADS!!! You work FOR us. Not the other way around!


With a surplus and more than estimated revenue at athe State level, why is the road in front of my house krunked up? Why are there no overhead lights at the most dangerous intersections in NC like monkey junction (and all the others)? Why are there no shoulders on the roads? That 3 foot wide "bike lane" on River Road is insane. I want my money back. And don't forget the 2nd highest violent crime rate in the State per capita is here in NHC. Oh, and the schools in NHC were graded a c-. Now, fight violent crime. round up the illegals and aggresively fix the poorly lit, poorly planned, poorly paved, poorly marked roads immediately... like we have already payed you government/DOT "officials" to.