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Office of the State Controller Releases January Financial Report

For Fiscal Year 2025, when compared to the prior year through January 31, North Carolina experienced an increase in General Fund receipts which include tax and non-tax receipts. Tax revenues increased by $553.8 million or 3.0 percent, and non-tax revenues increased by $87.4 million, or 10.5 percent as compared to the previous year.

The General Fund’s unreserved fund balance as of January 2025 was $1.9 billion as compared to $3.0 billion as of January 2024.

Office of the State Controller Releases December Financial Report

For Fiscal Year 2025, when compared to the prior year through December 31, North Carolina experienced an increase in General Fund receipts which include tax and non-tax receipts. Tax revenues increased by $760 million or 5.1 percent, and non-tax revenues increased by $158 million, or 26 percent as compared to the previous year.

The General Fund’s unreserved fund balance as of December 2024 was $2.5 billion as compared to $4.4 billion as of December 2023.

Cash Watch

The Office of the State Controller (OSC) today released the General Fund Cash Watch numbers for the week ending January 3, 2025. OSC provides a weekly update on the State’s General Fund cash position which can be found at ncosc.gov/public-information/news.