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.