Local Politics

State closes 2010 fiscal year with surplus

The state's General Fund ended the 2010 fiscal year with a $236.9 million balance, officials said Thursday.

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RALEIGH, N.C. — The state's General Fund ended the 2010 fiscal year with a $236.9 million balance, officials said Thursday.

The Office of the State Controller said the balance at the end of the 2009 fiscal year was $92 million.

Most of the difference came from increased sales tax collections and decreases in spending across the board.

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Matthew Burns, Web Editor

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