Gap between projected and actual NC government revenues narrows through February to $159M

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RALEIGH, North Carolina — The gap between projected and actual North Carolina government revenues narrowed last month. But Gov. Pat McCrory's administration is sticking for now to its original shortfall projection for the year.

General Assembly fiscal analysts estimate revenues through February are $159 million below what was anticipated last summer to run state government. The estimate was cited in a state controller's report this week. Through January, the gap was $216 million.

The fluctuation hasn't changed the $271 million shortfall legislative analysts and the state budget office forecast when the fiscal year ends June 30.

State Budget Director Lee Roberts says the narrowing of the gap can be attributed to lower income tax refunds. He said by email Wednesday the new data is encouraging for the state but incomplete because tax-filing season continues.

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