Zachery Eanes


NC relies heavily on income tax, sees lower state revenue

North Carolina is one of 10 states most reliant on income tax revenue, according to a recent report by Standard & Poor’s.And it turns out the state has lost more income tax revenue than expected — a total of $675 million — from the General Assembly's cuts to the individual income tax in 2013.

No return to Raleigh for state lawmakers, but business incentives might suffer

After facing pressure from business and economic leaders across the state to expand the Job Development Investment Grant (JDIG) as funds begin to run dry, Gov. Pat McCrory has decided not to call the N.C. General Assembly back to Raleigh for a special session.“It would be counterproductive and a waste of taxpayer money to bring the General Assembly back when there is no agreement in place on issues already voted on,” McCrory said in a statement Friday.