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Office of the State Controller Releases May Financial Report

For Fiscal Year 2025, when compared to five-month period of 2024 through May 31, North Carolina experienced an increase in General Fund receipts which include tax and non-tax receipts. Tax revenues increased by $817.8 million or 2.8 percent, and non-tax revenues increased by $162.2 million, or 11.3 percent as compared to the previous year.

The General Fund’s unreserved fund balance as of May 2025 was $3.3 billion which is the same balance as May 2024.

Cash Watch

The Office of the State Controller (OSC) today released the General Fund Cash Watch numbers for the week ending April 18, 2025. OSC provides a weekly update on the State’s General Fund cash position which can be found at ncosc.gov/public-information/news.