It's getting to be that time of the year-- tax season. And because of the recession there's been a lot of looming questions on whether the NC's revenue will be affected because of the hard times.
Tuesday in Greenville the Secretary of the North Carolina Department of Revenue, Kenneth Lay, spoke to business leaders about that. His message--revenue has been affected by the economy, but he says he's "cautiously optimistic" and is expecting the numbers to be similar to last year. "Individual taxes are down, sales tax is down, but collections from corporations are up. So we should be balanced and pretty close to where we were last year."
Lay said every year there's challenges and the department is trying to work with the challenge this year, which is the bad economy.