State News

N.C. tax collections lagging by $70 million

Posted June 26, 2008

State budget

— Gov. Mike Easley's administration is warning legislative leaders there's going to be less tax money than previously believed to spend for next year.

Easley's office told lawmakers in a letter Thursday that state government likely will have collected $70 million less than projected when the fiscal year ends next week.

Easley budget adviser Dan Gerlach attributes the decline to lower-than-expected sales and income taxes.

“The national economy has gotten significantly worse, and, although North Carolina is only experiencing some of that weakness, it will make it more difficult for legislators to balance the budget this year,” Easley said in a news release. “We are working together in a spirit of cooperation.”

Budget negotiators might have to find additional spending reductions or take money out of savings to make up the difference.

Rep. Jim Crawford, D-Granville, one of the House's negotiators, downplayed the news Thursday. He said the dollar figure is a small percentage of a budget that will exceed $21 billion.

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  • Garnerwolf1 Jun 27, 2008

    NC is ranked 19th nationally in tax burden (2007 figures). We are #11 in population. I know I'm going to take a hit for saying this, but any dollar any gov't spends is always going to be wasteful to someone. And I'm really going to take a hit for this, but it's true. Given the level of expenditure, the tax burden, on the Federal side (repeat, Federal side) is way too low. This is going to come back and haunt us (or our kids) one day.

  • Pilot Jun 27, 2008

    Never met a Tax he didn't hike!! Had enough yet, Noth Calina?

  • Daisygirlforever Jun 27, 2008

    Hey, what about that lottery thing Easley assured us would fix all our state fiscal problems.

    And Armondo de Cabana Boy, I could not agree with you more. When my husbad and I hit hard times, I took on a p/t job working around my children and my husband got a second job....I don't expect the government (i.e. my neighbors - rich or poor) to pick up the slack for my bad decisions/misfortune. We cut out all but necessary spending and prayed a lot!!

  • Armando de Cabana Boy Jun 27, 2008

    bs101fly- Liberals like you are what's wrong with this country. Always wanting a handout, a bailout, or something for nothing. I have a grand suggestion: Work harder. If your job doesn't pay enough, get another job. Buy your own gas!

  • alwayslovingu30 Jun 27, 2008

    put the farmers back in office with A deccent wage nothing crazy 65000.A year is A plenty

  • alwayslovingu30 Jun 27, 2008

    Doesnt matter who is in the office they will be crooked they love an talk to U during election time when they get into office they dont even recognize your existence infect truth

  • alwayslovingu30 Jun 27, 2008

    Yet another delima of poor bugeting infect truth

  • WRALSPORTSFANSUXS Jun 27, 2008

    it's because we're OUT OF MONEY!!! You can wait for yours, I have to eat and pay for gas! Where's the bailout line? I'm ready for help!!!! Bush ain't doing squat to help ANY of us, but Obama will!!! He'll see to it if you make more than 250K YOU get to pay for my gas and food! LOVE IT!!!
    bs101fly
    This is why we will fail as a nation!

  • WRALSPORTSFANSUXS Jun 27, 2008

    Rep. Jim Crawford, D-Granville, one of the House's negotiators, downplayed the news Thursday. He said the dollar figure is a small percentage of a budget that will exceed $21 billion.
    WHAT ARE YOU SMOKING!
    When is $70 million small?

  • doodad Jun 27, 2008

    whatelseisnew, property taxes go to the counties?

    Then explain this to me. While Sampson, Duplin, and Wayne counties pay around $.80/100 on county property taxes, Wake county pays around $.65. Back during all the fuss about hogs, it occured to me as to "where" all the property tax money accumulated by million dollar hog farms (not just corporate farms)and poultry farms go. It sure as heck didn't stay in these three rural counties, especially Sampson and Duplin.

    Where did it go?

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