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Office of the State Controller Releases May Financial Report

For Fiscal Year 2026, when compared to the prior year through May 31, North Carolina experienced an increase in General Fund receipts which include tax and non-tax receipts. Tax revenues increased by $1,076 billion or 3.55 percent, and non-tax revenues increased by $13 million, or 0.83 percent as compared to the previous year.

The General Fund’s unreserved fund balance as of May 2026 was $4.6 billion as compared to $3.3 billion as of May 2025.

Legislative Salary Increase (LI) and State-funded Bonuses

The General Assembly has appropriated a legislative salary increase (LI) for eligible employees effective 7/01/2026.

That LI was paid in the 08/14/2026 biweekly payroll and the 08/31/2026 monthly payroll, and details are outlined in the 2026 Appropriations Act, SL 2026-41 (S257).

State-funded bonuses for most eligible state employees will be paid by 10/15/2026, per SECTION 41.2.(a).

Please review your address and make any updates in FIORI or with your HR office.