NC Lawmakers Watch Holiday Shopping Closely

State financial officials say they'll keep a close eye on holiday shopping this season.

With falling tax revenue, high unemployment and a recent increase in the state sales tax, they want to know how holiday sales will affect the state's budget.

State Rep. Mickey Michaux is the chief budget-writer in the Statehouse. He says this year's holiday sales bear closer watching than in the past.

If sales tax collections are worse than projected this season, it could be a signal that North Carolina's economic recovery will take longer.

That could also lead to more state spending cuts next year and a deeper budget hole when federal stimulus money runs out.

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  • by Rosebud Location: Lagrange on Nov 30, 2009 at 06:26 AM
    They just want more money to throw away or more give away programs.
  • by hope Location: NC on Nov 29, 2009 at 07:34 PM
    Maybe they should have been watching the bottom line long before now.
  • by Ed Location: NC on Nov 29, 2009 at 07:33 PM
    I hope the lawmakers are watching spending by consumers....NC has one of the highest sales tax rates in the nation. Let's send'em a clear message that it's time to cut spending. Buy out of state this holiday season over the internet.
  • by Buzz Location: MillCreek on Nov 29, 2009 at 07:05 PM
    Imagine that; they want it both ways. . . Buzz-
  • by Don Location: Martin County on Nov 29, 2009 at 06:00 PM
    That is the trouble with our system of government. The answer from legislators is always "higher revenue" and not "lower spending".
  • by McArthur Park on Nov 29, 2009 at 04:51 PM
    What they are watching is to see if their tax increases this year will compel them to raise them some more at their next legislative session. You can pretty well bank on them raising taxes again because the moron voters keep putting these same extortionist back in year after year. Throw the bums out!
  • by LW Location: Greenville on Nov 29, 2009 at 03:23 PM
    If the state wants more money from taxes stop taxing everything that provides JOBS for NC. They taxed cigarettes.What happen? 400 people lost there job at Campany that makes cigarettes here in NC.Most are for NAFTA that has caused over 200,000 jobs to leave overseas in the past 30 years. The TAXERS keep shooting thereself in the foot and wonder why we are broke.

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