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Office of the State Controller Releases November Financial Report

For Fiscal Year 2026, when compared to the prior year through November 30, North Carolina experienced an increase in General Fund receipts which include tax and non-tax receipts. Tax revenues increased by $427.2 million or 3.4 percent, and non-tax revenues decreased by $58.0 million, or 8.7 percent as compared to the previous year.

The General Fund’s unreserved fund balance as of November 2025 was $1.7 billion as compared to $2.1 billion as of November 2024.

Post Open Enrollment Reminders

Review your payroll deductions and confirm they reflect your intended choices for 2026.

2026 State Health Plan (SHP) deduction changes will be reflected in December 2025 payrolls.

2026 NCFLEX deduction changes will be reflected in January 2026 payrolls.

If you discover a discrepancy, contact your Agency Health Benefits Representative (HBR).

Office of the State Controller Releases October Financial Report

For Fiscal Year 2026, when compared to the prior year through October 31, North Carolina experienced an increase in General Fund receipts which include tax and non-tax receipts. Tax revenues increased by $737.1 million or 7.1 percent, and non-tax revenues decreased by $37.9 million, or 6.8 percent as compared to the previous year.

The General Fund’s unreserved fund balance as of October 2025 was $2.7 billion as compared to $2.3 billion as of October 2024.

Tax Exemption

If you're currently exempt from Federal or NC State taxes and wish to continue, a letter will be sent to your address by early December. To maintain exempt status beyond February 2026, submit a new W-4 and/or NC-4 by February 1, 2026. HR at local agencies handles updates. If not updated, taxes will be withheld at prior rates or default to single with zero dependents.