NC House Wants To See Key Tax Figures For Budget | Politics.MyNC.com

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NC House Wants To See Key Tax Figures For Budget

Posted on 09 April 2009 | Jennifer Wig

NC House Wants To See Key Tax Figures For Budget From AP

RALEIGH, N.C. — House leaders say they want to see key revenue figures before making decisions about their version of the North Carolina state budget.House Speaker Joe Hackney and senior budget-writer Mickey Michaux said tax revenue arriving by the April 15 tax deadline will help them decide whether numbers used in the Senate’s budget are reasonable. Those numbers will be out several days after April 15.

The Senate approved its budget proposal Thursday. The plan would close a budget gap with spending cuts, federal stimulus money and $500 million in tax increases that weren’t disclosed.

It’s now the House turn to create a spending plan. Michaux is worried April 15 tax figures will be worse than expected, leading to deeper cuts and greater demand for additional revenues than the Senate approved.

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