North Carolina House Speaker Tim Moore (R-Cleveland) and Senate Leader Phil Berger (R-Rockingham) issued the following statement about the consensus revenue forecast released today:
“Today’s forecast highlights the General Assembly’s winning formula of low taxes, reasonable regulations, and responsible spending. Our state continues to experience growth and record-breaking economic development coupled with regular revenue surpluses.
“While this is promising news, we must be cognizant of the national economy and the precarious position the Biden administration has put the American people in thanks to rising costs and runaway inflation. It is crucial that we continue on this track of responsible and disciplined spending in light of the potential for a recession as we begin the short session budget process.”