North Carolina Tax Refund Delays?

Expect delay for tax refund

Many North Carolina taxpayers will soon experience a delay in the return of their income tax refunds, as the state holds on to the money a little longer during the tight budget times.

Ken Lay, the revenue secretary, said the move is necessary to make sure the state has enough cash on hand to pay its bills between now and the end of the June 30 fiscal year.

…So far, Lay said, the state has returned 590,000 refund checks worth $406 million compared with 279,000 refund checks worth $263.9 million this time last year.

…he said there would likely be future delays, although he could not predict their length.

Rob Christensen
newsobserver.com