Gap between NC government's projected, annual revenues narrows further in March

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RALEIGH, North Carolina — North Carolina government's gap between projected and actual revenues to carry out this year's budget keeps narrowing heading to the important April 15 filing deadline.

Estimated revenues through the first nine months of the fiscal year are now $94 million below what was anticipated last summer to run state government. The March total was provided to legislative leaders by the General Assembly's staff economist. The January gap of $216 million had already fallen to $159 million in February.

Legislative analysts and the state budget office haven't altered their forecast from two months ago of a $271 million shortfall when the fiscal year ends June 30. But they're expected to evaluate whether an adjustment is necessary after receiving final and first-quarter income tax payment totals turned in by Wednesday's filing date.

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