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Office of the State Controller Releases May Financial Report

For Fiscal Year 2025, when compared to five-month period of 2024 through May 31, North Carolina experienced an increase in General Fund receipts which include tax and non-tax receipts. Tax revenues increased by $817.8 million or 2.8 percent, and non-tax revenues increased by $162.2 million, or 11.3 percent as compared to the previous year.

The General Fund’s unreserved fund balance as of May 2025 was $3.3 billion which is the same balance as May 2024.