Statement on North Carolina’s $3.25 Billion Revenue Surplus

Raleigh, N.C. — Senate Leader Phil Berger (R-Rockingham) released the following statement about the consensus revenue forecast showing the state has a one-time $3.25 billion surplus:

“Today’s consensus revenue forecast confirms that North Carolina’s tax policies are fueling economic growth. The surplus is a significant increase over the current fiscal year’s budget.”

“While this year’s surplus is welcomed news, we need to be cautious as we prepare the budget. We must continue to prioritize responsible spending, addressing our state’s workforce needs, and providing additional tax relief to our citizens.”