Economists in the Office of State Budget and Management and the NC General Assembly’s Fiscal Research Division released an updated consensus revenue forecast Wednesday anticipating an additional $3.25 billion in state revenues for FY 2022-2023, putting total state General Fund revenue collections at $33.76 billion. The revised consensus forecast for FY 2022-2023 anticipates over-collections of $3.25 billion (10.7%) relative to certified revenues of $30.51 billion, putting total state General Fund revenue collections at $33.76 billion. The revised forecast anticipates a total of $67.35 billion for the next biennium, with $33.71 billion in FY 2023-2024 and $33.65 billion in FY 2024-25.
Budget Analysts for the State Project $3.25B Surplus in State Revenues for Current Fiscal Year
