NC governor warns of ‘exceedingly painful cuts’ as legislative tax cuts reduce future revenue

By: Clayton Henkel

Outlets: North Carolina Newsline

Published: April 8, 2026

Words: 576

Last Updated: 3 months, 3 weeks ago

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Two weeks before the 2026 North Carolina General Assembly’s short session convenes, Gov. Josh Stein issued a dire warning.

Stein told members of the N.C. Council of State Tuesday that the nonpartisan consensus revenue forecast for the biennium reflects a $370 million increase in expected revenue for the current fiscal year. While that’s good news for the current fiscal year, it’s more problematic for the future — it means state revenue will be high …

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