Trouble ahead: State tax collections are dropping | News
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Friday, October 17, 2008

Trouble ahead: State tax collections are dropping

Posted by on Fri, Oct 17, 2008 at 4:43 PM

The state took in 5 percent less money than was projected in the July-Sept '08 quarter (the first quarter of the current fiscal year, iow). So for newly inaugurated Gov. Perdue or Gov. McCrory, it could be a very tough budget year ahead -- with a budget shortfall of up to $2 billion to close.

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