North Carolina sees rise in tax revenue but drop in fund balance for September

Nels Roseland, State Controller at North Carolina Office of the State Controller - North Carolina Office of the State Controller
Nels Roseland, State Controller at North Carolina Office of the State Controller - North Carolina Office of the State Controller
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The North Carolina Office of the State Controller has released its financial report for September, detailing changes in General Fund receipts for Fiscal Year 2026 compared to the previous year.

According to the report, tax revenues rose by $320.2 million, representing a 4.0 percent increase from the same period last year. In contrast, non-tax revenues declined by $28.2 million, or 6.3 percent.

The unreserved fund balance for the General Fund stood at $2.8 billion as of September 2025, down from $3.2 billion in September 2024.

More information is available in the monthly report on the General Fund compiled by the Office of the State Controller. The report can be accessed at www.ncosc.gov by clicking on the “General Fund Monthly Reports” button. The website also provides access to General Fund monthly budgetary basis financial data dating back to June 1998.

The State Controller’s office describes its mission as follows: “The State Controller serves as an independent resource to protect the financial integrity of the State and to promote accountability in an objective and efficient manner through its accounting, disbursing, payroll, internal controls, data management, eCommerce, and financial reporting systems that serve state agencies, employees, and the public.”



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