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Report: North Carolina surplus is $4,700 per taxpayer
['Alan Wooten', 'The Center Square']
Just The News - Not The Noise
(The Center Square) -North Carolina has more than enough money to pay its outstanding bills and earned a B grade in the 16th annual Financial State of the States 2025 report.
Released Thursday by Truth In Accounting, the analysis for fiscal year 2024 – ending June 30, 2024 – said any state with a taxpayer surplus between $1 and $9,999 gets a B.
The report says $74.6 billion is available to pay $57.6 billion worth of bills, generating a $17 billion surplus or $4,700 per taxpayer in the nation’s ninth largest state.
Neighbors Tennessee (fifth, $10,900 per taxpayer) and Virginia (12th, $6,800) are ahead in per taxpayer surplus; Georgia (19th, $4,000) and South Carolina (35th, $8,500 deficit) trail.
The bottom lines are reached by taking money needed to pay bills and dividing by the number of taxpayers.