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Economists predict modest North Carolina surplus, but warn more tax cuts will curb revenues

Summary by WWAY TV
RALEIGH, N.C. (AP) — North Carolina officials on Friday projected a modest revenue surplus this fiscal year, the result of stronger than anticipated economic conditions, but warned soon-implemented tax cuts should mean lower collections ahead, which could require tougher spending choices. Economists working in new Democratic Gov. Josh Stein’s administration and at the Republican-controlled General Assembly predict that state government collectio…

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Associated Press News broke the news in United States on Friday, February 14, 2025.
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