Wednesday, December 19, 2012

State of North Carolina Comprehensive Annual Financial Report

If you live in North Carolina, and ever wondered how your tax dollars are spent, you can find out in the recently published 

If that report seems daunting at 301 pages, you might start with the 21 page

Both reports also include many non-financial statistics including economics, demographics, and employment.

A few highlights:  You can discover facts like North Carolina has fewer teachers in 2012 than 2008.  It also lists the top 10 employers in the state.  The state itself is number 1, and the federal government is number 2.  North Carolina has roughly $9 Billion of debt outstanding and collected about $22 Billion in taxes last year.  Of the $22 Billion collected, $10.4 Billion came from individual income taxes and $7.4 Billion from sales and gasoline taxes while corporate income taxes chipped in $1.2 Billion.

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