North Carolina

Despite revenue downgrade, North Carolina anticipates nearly $1B more in cash

Published

2 years ago

May 10, 2024

Despite revenue downgrade, North Carolina anticipates nearly B more in cash

RALEIGH, N.C. (AP) – North Carolina officials downgraded a projected state revenue surplus through mid-2025 by $430 million on Friday, citing lower than anticipated April 15 individual income tax payments due to recent business tax changes. Still, the state expects nearly $1 billion more to enter its coffers.

Last month, economists working for Democratic Gov. Roy Cooper’s administration and at the Republican-controlled legislature predicted formally that collections would exceed revenue budgeted for the year ending June 30 by $413 million. And that jump, they determined, would lead to another $1 billion more received in the fiscal year starting July 1 than projected in the current two-year state budget.

Now the consensus forecast indicates that the overage for this fiscal year will now be $188 million, with another $799 million expected next year, the Office of State Budget and Management and the legislature’s Fiscal Research Division said.

The economists had warned that a forecast revision might be necessary if April collections, which are usually the most volatile, deviated significantly from estimates. That’s what happened, according to the agencies. Personal income tax refunds were higher than anticipated and final payments were lower than expected, as a 2022 tax change that let certain corporations and partnerships pay state taxes, rather than owners or shareholders, for favored tax treatment led to some duplicate payments.

“Fortunately, this adjustment is a one-time event,” a state budget office memo said, adding that “despite this downward revision, the economic outlook for North Carolina remains unchanged, with no effect on the state’s long-term growth.”

It’s unclear if the lower overcollections will make legislators more cautious about additional spending or a potential income tax rebate as the General Assembly now meets to adjust the budget’s second year. The additional monies are a small percentage compared with the nearly $31 billion that the state currently plans to spend next year.

The April forecast served as the basis for Cooper to present his budget adjustment proposal last month. It also gave Republicans confidence that there were funds to advance a measure that would set aside another $463 million to help children seeking scholarships to attend private schools and to eliminate the waitlist.

That bill needs only one House vote to send the measure to Cooper, who is strongly opposed to the larger Opportunity Scholarship program. The legislature agreed last year to remove family income limits on receiving the scholarships, resulting in a massive increase in applications. Cooper has called for a moratorium on Opportunity Scholarships while expanding public school funding.

Republican budget-writers also are considering requests from the business community and advocates for children to address the upcoming loss of federal money for grants designed to help child care centers remain open during the COVID-19 pandemic.

Senate leader Phil Berger told reporters Thursday that GOP leaders were considering whether it makes sense to provide widespread tax rebates this year. Giving even $500 to every household, for example, could cost billions.

“We’re looking at it, but I don’t think there’d be an interest in doing it unless the amount we could send out would be an amount that would make a difference,” he said.

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North Carolina

NC Senate advances property tax reappraisal moratorium

Published

4 hours ago

May 6, 2026

Press Room

NC Senate advances property tax reappraisal moratorium

RALEIGH, N.C. (WNCN) — A state Senate bill that would delay property tax reappraisals for some North Carolina homeowners is moving forward at the General Assembly with a last-minute change.

Lawmakers gave initial approval Tuesday to the Property Tax Revaluation Moratorium Bill (SB 889), which would block counties that completed property reappraisals in 2026 from using those new values for the upcoming tax year. Instead, those counties would be required to use older property values this year before switching to the updated numbers in 2027.

The move is in response to sharp increases in property values across parts of the state, in some cases jumping by 50% to 60%, which could translate into higher tax bills for homeowners.

“We’ve seen an extensive increase in property values, in the double digits,” said state Sen. Steve Jarvis (R-Davidson County, Davie County).

The moratorium would apply to a dozen counties, including Guilford, Buncombe and Pender, where reappraisals are already underway.

During debate Tuesday, state senators approved an amendment carving out an exemption for three smaller counties to allow them to move forward with their reappraisals as planned.

“This will impact only three counties, Clay, Chowan and Pamlico,” said State Sen. Kevin Corbin (R-Cherokee, Clay, Graham, Haywood, Jackson, Macon, Swain, Transylvania counties). “These smaller counties face a relatively higher financial burden during the reappraisal process.”

The updated bill also includes new language clarifying the appeals process, ensuring property owners still have the ability to challenge their property values in both 2026 and 2027.

Senate leader Phil Berger says the goal of the bill is to give lawmakers time to address larger issues tied to rising property values.

“In many instances, the folks that are getting hit the hardest are folks at the lower end of the income scale, especially folks that are on fixed income,” Berger said.

The bill has cleared initial Senate approval and now heads to a final vote, before potentially moving to the House. Berger also acknowledged the proposal’s future in the House is still unclear.

“I don’t know that they haven’t embraced it. We’ll see once it gets over there,” he said.

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North Carolina

NC Lottery Powerball, Pick 3 Day results for May 4, 2026

Published

1 day ago

May 5, 2026

Press Room

The NC Lottery offers several draw games for those aiming to win big.

Here’s a look at Monday, May 4, 2026 results for each game:

Winning Powerball numbers from May 4 drawing

30-36-42-60-63, Powerball: 13, Power Play: 2

Check Powerball payouts and previous drawings here.

Winning Pick 3 numbers from May 4 drawing

Day: 0-5-9, Fireball: 8

Evening: 5-4-0, Fireball: 7

Check Pick 3 payouts and previous drawings here.

Winning Pick 4 numbers from May 4 drawing

Day: 8-3-9-5, Fireball: 0

Evening: 4-8-7-4, Fireball: 9

Check Pick 4 payouts and previous drawings here.

Winning Cash 5 numbers from May 4 drawing

01-10-21-27-37

Check Cash 5 payouts and previous drawings here.

Winning Double Play numbers from May 4 drawing

02-09-15-23-34

Winning Millionaire for Life numbers from May 4 drawing

08-17-22-34-39, Bonus: 05

Check Millionaire for Life payouts and previous drawings here.

Feeling lucky? Explore the latest lottery news & results

Are you a winner? Here’s how to claim your lottery prize

All North Carolina Lottery retailers will redeem prizes up to $599.

For prizes over $599, winners can submit winning tickets through the mail or in person at North Carolina Lottery Offices. By mail, send a prize claim form, your signed lottery ticket, copies of a government-issued photo ID and social security card to: North Carolina Education Lottery, P.O. Box 41606, Raleigh, NC 27629. Prize claims less than $600 do not require copies of photo ID or a social security card.

To submit in person, sign the back of your ticket, fill out a prize claim form and deliver the form, along with your signed lottery ticket and government-issued photo ID and social security card to any of these locations:

Asheville Regional Office & Claim Center: 16-G Regent Park Blvd., Asheville, NC 28806, 877-625-6886 press #1. Hours: 9 a.m. to 5 p.m. Monday through Friday. This office can cash prizes up to $99,999.
Greensboro Regional Office & Claim Center: 20A Oak Branch Drive, Greensboro, NC 27407, 877-625-6886 press #2. Hours: 9 a.m. to 5 p.m. Monday through Friday. This office can cash prizes up to $99,999.
Charlotte Regional Office & Claim Center: 5029-A West W. T. Harris Blvd., Charlotte, NC 28269-1861, 877-625-6886 press #3. Hours: 9 a.m. to 5 p.m. Monday through Friday. This office can cash prizes up to $99,999.
NC Lottery Headquarters: Raleigh Claim Center & Regional Office, 2728 Capital Blvd., Suite 144, Raleigh, NC 27604, 877-625-6886 press #4. Hours: 9 a.m. to 5 p.m. Monday through Friday. This office can cash prizes of any amount.
Greenville Regional Office & Claim Center: 2790 Dickinson Avenue, Suite A, Greenville, NC 27834, 877-625-6886 press #5. Hours: 9 a.m. to 5 p.m. Monday through Friday. This office can cash prizes up to $99,999.
Wilmington Regional Office & Claim Center: 123 North Cardinal Drive Extension, Suite 140, Wilmington, NC 28405, 877-625-6886 press #6. Hours: 9 a.m. to 5 p.m. Monday through Friday. This office can cash prizes up to $99,999.

Check previous winning numbers and payouts at https://nclottery.com/.

When are the North Carolina Lottery drawings held?

Powerball: 10:59 p.m. Monday, Wednesday, and Saturday.
Mega Millions: 11 p.m. Tuesday and Friday.
Lucky for Life: 10:38 p.m. daily.
Pick 3, 4: 3:00 p.m. and 11:22 p.m. daily.
Cash 5: 11:22 p.m. daily.
Millionaire for Life: 11:15 p.m. daily.

This results page was generated automatically using information from TinBu and a template written and reviewed by a Carolina Connect editor. You can send feedback using this form.

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North Carolina

Overturned transfer truck shuts down I-85 North exit ramp in Gaston County

Published

2 days ago

May 4, 2026

Press Room

Overturned transfer truck shuts down I-85 North exit ramp in Gaston County

GASTONIA, N.C. (WBTV) – An overturned transfer truck shut down traffic along an I-85 exit ramp in Gaston County on Monday morning.

The crash happened around 7:20 a.m. on Monday, May 4, along I-85 North off-ramp (Exit 17) near N. New Hope Road in Gastonia. Officials said the accident was causing major traffic delays.

The Gastonia Police Department said the road was closed for the next couple of hours as cleanup and recovery efforts were underway. Drivers are asked to avoid the area if possible and use detour routes.

A crash on I-85 in Gastonia, North Carolina on May 4, 2026.(WBTV)

Officials said the driver of the truck was taken to the hospital. The driver’s condition was not immediately clear, or what caused the truck to turnover.

A transfer truck is a large truck that pulls a separate trailer, typically containing construction materials up to 25 tons.

Read more: Tick population becoming more active in Charlotte amid hot and dry weather

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