North Carolina's state revenue secretary is out of a job after a series of problems that have frustrated taxpayers.
Gov. Beverly Perdue's office announced Wednesday that Kenneth Lay is leaving her administration and will be replaced by outgoing state Sen. David Hoyle, a Democrat from Gaston County.
Lay is a former Bank of America executive who took the Cabinet position when Perdue took office in January 2009.
The Revenue Department under Lay delayed tax refunds the past two years because of cash flow problems within state government. The tax office also was under scrutiny after its new policy made it harder for North Carolina residents to get refunds when they overpaid their taxes by mistake.
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