NC Budget Battle: Revenue Forecast Shapes Tax Cuts & Property Tax Changes
Durham News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
North Carolinas Governor Josh Stein faces budget and tax cut decisions as the General Assembly prepares for a new session. The revised consensus revenue forecast, due this week, will significantly impact talks on potential tax cuts and property tax changes. Lawmakers may scrap old budget plans and build new ones based on these fresh numbers. Governor Stein has warned of a potential fiscal cliff tied to next years revenue outlook, while property tax changes, including a cap, are also on the agenda. All eyes are on these revenue figures as they set the stage for budget battles and tax relief in the coming weeks.
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