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North Carolina budget writers brace for $5B shortfall

By Washington Examiner
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North Carolina budget writers brace for $5B shortfall

North Carolina’s budget could be short by about $5 billion as a result of the response to the COVID-19 pandemic, state economists predict.

Analysts from the Legislature’s Fiscal Research Division and the Office of State Budget estimated that revenue collections over the biennium will drop by $4.9 billion or 8.4 percent in their latest economic forecast for the state.

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