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N.C. tax collections surge by another $260 million

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RALEIGH (AP) -- Legislative leaders have received more good news about North Carolina's financial picture.

The state has another $260 million than had been expected in its coffers from April tax filings.

The extra money means North Carolina has brought in $1.1 billion more than anticipated through the first ten months of the fiscal year. That gives budget-writers more breathing room in forming a two-year spending plan that begins July First.

Higher than expected income tax payments on April 17th helped give revenues a surprising boost.

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