{"id":468,"date":"2020-09-03T14:20:20","date_gmt":"2020-09-03T14:20:20","guid":{"rendered":"https:\/\/sites.ncleg.gov\/frd\/?page_id=468"},"modified":"2026-03-24T14:58:00","modified_gmt":"2026-03-24T18:58:00","slug":"revenue-and-economic-outlook","status":"publish","type":"page","link":"https:\/\/sites.ncleg.gov\/frd\/revenue-and-economic-outlook\/","title":{"rendered":"Revenue &amp; Economy"},"content":{"rendered":"\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n\n\n\n<h4 class=\"wp-block-heading\">North Carolina&#8217;s Revenue Forecasting Process<\/h4>\n\n\n\n<p>The Consensus Revenue Forecast is an estimate of the amount of General Fund revenue available for the State budget.&nbsp; The forecast considers the national and State economic outlook, historical relationships between the State and the national economy, the impact of federal legislation, and technical or timing issues that may affect revenue. <br><br>North Carolina uses a consensus approach to develop the revenue forecast.&nbsp;&nbsp;Economic forecasters in the executive and legislative branches collaborate in an attempt to reach a consensus about revenue projections.&nbsp; During a legislative biennium, this Consensus Forecasting Team may produce multiple forecasts and updates; in addition, FRD typically publishes multiple revenue updates per biennium.&nbsp;&nbsp;These documents are found below.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n\n\n\n<h4 class=\"wp-block-heading\">2025 Biennium (July 2025 \u2013 June 2027)<\/h4>\n\n\n\n<p><a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2026\/03\/March-2026-Consensus-Revenue-Forecast-Revision-Summary.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">March 2026: Forecast Revision<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2026\/03\/2026-March-Consensus-Forecast-Summary-Presentation-For-Publication.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">March 2026: Forecast Revision Summary Presentation<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2025\/06\/May-2025-Consensus-Revenue-Forecast-Revision-Summary.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">May 2025: Forecast Revision<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2025\/03\/North-Carolina-Consensus-Revenue-Forecast-February-2025-Forecast-Summary.pdf\">February 2025: Consensus Revenue Forecast Summary<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n\n\n\n<h4 class=\"wp-block-heading\">2023 Biennium (July 2023 \u2013 June 2025)<\/h4>\n\n\n\n<p><a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2024\/05\/May-2024-Forecast-Revision.pdf\">May 2024: Forecast Revision<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2024\/04\/April-2024-Forecast-Revision.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">April 2024: Forecast Revision<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2023\/02\/February-2023-General-Fund-Revenue-Consensus-Forecast-1.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">February 2023: Consensus Forecast &#8211; General Fund Revenue<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2023\/02\/Consensus-Forecast-Transportation-Summary-February-2023-1.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">February 2023: Consensus Forecast &#8211; Transportation Revenue<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2023\/02\/FY_2023_25_Revenue_Forecast.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">February 2023: General Fund and Transportation Revenue Forecast Presentation<\/a> <a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2023\/02\/2023-Budget-Overview.pdf\" target=\"_blank\" rel=\"noreferrer noopener\"><br>February 2023: State General Fund Budget Overview and Outlook<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<h4 class=\"wp-block-heading\">2021 Biennium (July 2021 \u2013 June 2023)<\/h4>\n\n\n\n<p><a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2022\/06\/2022.05.09-Consensus-ReportWebFinalVersion.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">May 2022: Forecast Revision<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/june-2021-revised-general-fund-revenue-consensus-report\/\" target=\"_blank\" rel=\"noreferrer noopener\">June 2021: Forecast Revision<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/2021-02-11-consensus-revenue-report\/\" target=\"_blank\" rel=\"noreferrer noopener\">February 2021: Consensus Revenue Forecast<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/2021_02_17_consensus_revenue_forecast_and_budget_outlook_presentations\/\">February 2021: Consensus Revenue Forecast and Budget Outlook Presentations<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n\n\n\n<h4 class=\"wp-block-heading\">2019 Biennium (July 2019 \u2013 June 2021)<\/h4>\n\n\n\n<p><a href=\"https:\/\/sites.ncleg.gov\/frd\/may-2020-revised-consensus-forecast-report-1\/\" target=\"_blank\" rel=\"noopener\">May 2020:&nbsp;&nbsp;Forecast Revision<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/revised-consensus-memo-september-2019\/\" target=\"_blank\" rel=\"noopener\">September 2019:&nbsp;&nbsp;Forecast Revision<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/revised-consensus-forecast-may-2019\/\" target=\"_blank\" rel=\"noopener\">May 2019:&nbsp;&nbsp;Forecast Revision<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/2019_02_13_-gf-consensus-report\/\" target=\"_blank\" rel=\"noopener\">February 2019:&nbsp;&nbsp;Consensus Revenue Forecast<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n\n\n\n<h4 class=\"wp-block-heading\">2017 Biennium (July 2017 \u2013 June 2019)<\/h4>\n\n\n\n<p><a href=\"https:\/\/sites.ncleg.gov\/frd\/2019_january-outlook-report\/\" target=\"_blank\" rel=\"noopener\">January 2019:&nbsp;&nbsp;Revenue Update<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/august-2018-general-fund-revenue-update\/\" target=\"_blank\" rel=\"noopener\"> August 2018:&nbsp;&nbsp;Revenue Update<\/a> <br><a href=\"https:\/\/sites.ncleg.gov\/frd\/january-2018-general-fund-revenue-update\/\" target=\"_blank\" rel=\"noopener\"> January 2018:&nbsp;&nbsp;Revenue Update<\/a> <br><a href=\"https:\/\/sites.ncleg.gov\/frd\/2017-10-18-october-revenue-outlook\/\" target=\"_blank\" rel=\"noopener\"> October 2017:&nbsp;&nbsp;Revenue Update<\/a> <br><a href=\"https:\/\/sites.ncleg.gov\/frd\/consensus-revenue-report-february-2017\/\" target=\"_blank\" rel=\"noopener\">February 2017:&nbsp;&nbsp;Consensus Revenue Forecast<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n\n\n\n<h4 class=\"wp-block-heading\">2015 Biennium (July 2015 \u2013 June 2017)<\/h4>\n\n\n\n<p><a href=\"https:\/\/sites.ncleg.gov\/frd\/2017_01_16_january_-revenue_-outlook\/\" target=\"_blank\" rel=\"noopener\">January 2017:&nbsp;&nbsp;Revenue Update<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/2016-10-19_october_revenue_outlook\/\" target=\"_blank\" rel=\"noopener\">October 2016:&nbsp;&nbsp;Revenue Update<\/a> <br><a href=\"https:\/\/sites.ncleg.gov\/frd\/january-revenue-outlook_2016-01-15\/\" target=\"_blank\" rel=\"noopener\">January 2016:&nbsp;&nbsp;Revenue Update<\/a> <br><a href=\"https:\/\/sites.ncleg.gov\/frd\/october-revenue-outlook_2015_10_19\/\" target=\"_blank\" rel=\"noopener\">October 2015:&nbsp;&nbsp;Revenue Update<\/a> <br><a href=\"https:\/\/sites.ncleg.gov\/frd\/consensus-revenue-report-may-2015\/\" target=\"_blank\" rel=\"noopener\">May 2015:&nbsp;&nbsp;Forecast Revision<\/a> <br><a href=\"https:\/\/sites.ncleg.gov\/frd\/consensus-revenue-report-february-2015\/\" target=\"_blank\" rel=\"noopener\">February 2015:&nbsp;&nbsp;Consensus Revenue Forecast<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n\n\n\n<h4 class=\"wp-block-heading\">2013 Biennium (July 2013 \u2013 June 2015)<\/h4>\n\n\n\n<p><a href=\"https:\/\/sites.ncleg.gov\/frd\/fy_2014-15_second_quarter_revenue_outlook\/\" target=\"_blank\" rel=\"noopener\">January 2015:&nbsp;&nbsp;Revenue Update<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/fy_2014-15_first_quarter_revenue_outlook\/\" target=\"_blank\" rel=\"noopener\">October 2014:&nbsp;&nbsp;Revenue Update<\/a> <br><a href=\"https:\/\/sites.ncleg.gov\/frd\/2013-14-third-quarter-revenue-outlook\/\" target=\"_blank\" rel=\"noopener\">April 2014:&nbsp;&nbsp;Revenue Update<\/a> <br><a href=\"https:\/\/sites.ncleg.gov\/frd\/2013-14-second-quarter-revenue-outlook\/\" target=\"_blank\" rel=\"noopener\">January 2014:&nbsp;&nbsp;Revenue Update<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/2013-14-first-quarter-revenue-outlook\/\" target=\"_blank\" rel=\"noopener\">October 2013:&nbsp;&nbsp;Revenue Update<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/general_fund_revenue_outlook_2013_04_15_april\/\" target=\"_blank\" rel=\"noopener\">April 2013:&nbsp;&nbsp;Revenue Update<\/a> <br><a href=\"https:\/\/sites.ncleg.gov\/frd\/consensus-revenue-report-february-2013\/\" target=\"_blank\" rel=\"noopener\">February 2013:&nbsp;&nbsp;Consensus Revenue Forecast<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n\n\n\n<h4 class=\"wp-block-heading\">2011 Biennium (July 2011 \u2013 June 2013)<\/h4>\n\n\n\n<p><a href=\"https:\/\/sites.ncleg.gov\/frd\/general_fund_revenue_outlook_2013_01_16_january\/\" target=\"_blank\" rel=\"noopener\">January 2013:&nbsp;&nbsp;Revenue Update<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/general_fund_revenue_outlook_2012-09-10_sept\/\" target=\"_blank\" rel=\"noopener\">September 2012:&nbsp;&nbsp;Revenue Update<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/general_fund_revenue_outlook_2012-05-14_may\/\" target=\"_blank\" rel=\"noopener\">May 2012:&nbsp;&nbsp;Revenue Update<\/a> <br><a href=\"https:\/\/sites.ncleg.gov\/frd\/general_fund_revenue_outlook_2012-02-17_feb\/\" target=\"_blank\" rel=\"noopener\">February 2012:&nbsp;&nbsp;Revenue Update<\/a> <br><a href=\"https:\/\/sites.ncleg.gov\/frd\/general_fund_revenue_outlook_2011_11_15_november\/\" target=\"_blank\" rel=\"noopener\">November 2011: Revenue Update<\/a> <br><a href=\"https:\/\/sites.ncleg.gov\/frd\/general_fund_revenue_outlook_2011_09_20_september\/\" target=\"_blank\" rel=\"noopener\">September 2011: Revenue Update<\/a> <br><a href=\"https:\/\/sites.ncleg.gov\/frd\/general_fund_revenue_outlook_2011_05_19_may\/\" target=\"_blank\" rel=\"noopener\">May 2011: Revenue Update<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/general_fund_revenue_outlook_2011_march\/\" target=\"_blank\" rel=\"noopener\">March 2011: Revenue Update<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/consensusrevenuereportfebruary2011\/\" target=\"_blank\" rel=\"noopener\">February 2011: Consensus Revenue Forecast<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n\n\n\n<h4 class=\"wp-block-heading\">2009 Biennium (July 2009 \u2013 June 2011)<\/h4>\n\n\n\n<p><a href=\"https:\/\/sites.ncleg.gov\/frd\/general_fund_revenue_outlook_2011_01_12-january\/\" target=\"_blank\" rel=\"noopener\">January 2011: Revenue Update<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/general_fund_revenue_outlook_housebriefing_12-14-10final\/\" target=\"_blank\" rel=\"noopener\">December 2010: Revenue Update and Budget Outlook<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/general_fund_revenue_outlook_2010_11_10_november\/\" target=\"_blank\" rel=\"noopener\">November 2010: Revenue Update<\/a> <br><a href=\"https:\/\/sites.ncleg.gov\/frd\/general_fund_revenue_outlook_2010_10_13_october\/\" target=\"_blank\" rel=\"noopener\">October 2010: Revenue Update<\/a> <br><a href=\"https:\/\/sites.ncleg.gov\/frd\/general_fund_revenue_outlook_2010_09_15_september\/\" target=\"_blank\" rel=\"noopener\">September 2010: Revenue Update<\/a> <br><a href=\"https:\/\/sites.ncleg.gov\/frd\/general_fund_revenue_2010_05_14_may\/\" target=\"_blank\" rel=\"noopener\">May 2010: Revenue Update<\/a> <br><a href=\"https:\/\/sites.ncleg.gov\/frd\/2010_04_13aprilrevenueupdate\/\" target=\"_blank\" rel=\"noopener\">April 2010: Forecast Revision<\/a> <br><a href=\"https:\/\/sites.ncleg.gov\/frd\/general_fund_revenue_outlook_2010_03_11_march\/\" target=\"_blank\" rel=\"noopener\">March 2010: Revenue Update<\/a> <br><a href=\"https:\/\/sites.ncleg.gov\/frd\/general_fund_revenue_outlook_2010_02_15february\/\" target=\"_blank\" rel=\"noopener\">February 2010: Revenue Update<\/a> <br><a href=\"https:\/\/sites.ncleg.gov\/frd\/general_fund_revenue_outlook_2010_01_13\/\" target=\"_blank\" rel=\"noopener\">January 2010: Revenue Update<\/a> <br><a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2020\/11\/General_Fund_Revenue_Outlook_2009_12_14_December.pdf\" target=\"_blank\" rel=\"noopener\">December 2009: Revenue Update<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2020\/11\/General_Fund_Revenue_Outlook_2009_11_09_November.pdf\" target=\"_blank\" rel=\"noopener\">November 2009: Revenue Update<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2020\/11\/General_Fund_Revenue_Outlook_2009_10_15_October.pdf\" target=\"_blank\" rel=\"noopener\">October 2009: Revenue Update<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2020\/11\/General_Fund_Revenue_Outlook_2009_09_08_September.pdf\" target=\"_blank\" rel=\"noopener\">September 2009: Revenue Update<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2020\/11\/2009_05_15_GeneralFundRevenueOutlook.pdf\" target=\"_blank\" rel=\"noopener\">May 2009: Forecast Revision<\/a> <br><a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2020\/11\/RevisedRevenueandBudgetOutlookFER20090505v2.pdf\" target=\"_blank\" rel=\"noopener\">May 2009: Forecast Revision and Budget Outlook<\/a> <br><a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2020\/11\/General_Fund_Revenue_Outlook_2009_03_12.pdf\" target=\"_blank\" rel=\"noopener\">March 2009: Revenue Update<\/a> <br><a href=\"https:\/\/sites.ncleg.gov\/frd\/2009_02_03_revenue_budget_outlook\/\" target=\"_blank\" rel=\"noopener\">February 2009: Revenue Update and Budget Outlook<\/a> <br><a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2020\/11\/General_Fund_Revenue_Outlook_2009_01_20.pdf\" target=\"_blank\" rel=\"noopener\">January 2009: Revenue Update<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n\n\n\n<h4 class=\"wp-block-heading\">2007 Biennium (July 2007 \u2013 June 2009)<\/h4>\n\n\n\n<p><a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2020\/11\/General_Fund_Revenue_outlook_2008_12_18.pdf\" target=\"_blank\" rel=\"noopener\">December 2008: Revenue Update<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/general_fund_revenue_outlook_2008_11_21\/\" target=\"_blank\" rel=\"noopener\">November 2008: Revenue Update<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2020\/11\/General_Fund_Revenue_Outlook_2008_10_17_October.pdf\" target=\"_blank\" rel=\"noopener\">October 2008: Revenue Update<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2020\/11\/General_Fund_Revenue_Outlook_2008_09_05_September.pdf\" target=\"_blank\" rel=\"noopener\">September 2008: Revenue Update<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2020\/11\/General_Fund_Revenue_Outlook_2008-05-05_May_Revised.pdf\" target=\"_blank\" rel=\"noopener\">May 2008: Revenue Update<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2020\/11\/General_Fund_Revenue_Outlook_2008-04-14_April.pdf\" target=\"_blank\" rel=\"noopener\">April 2008: Revenue Update<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2020\/11\/031808GeneralFundRevenueOutlookMarch.pdf\" target=\"_blank\" rel=\"noopener\">March 2008: Revenue Update<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2020\/11\/GeneralFundRevenueOutlookFeb_13_08.pdf\" target=\"_blank\" rel=\"noopener\">February 2008: Revenue Update<\/a><br><a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2020\/11\/GeneralFundRevenueOutlookJan08.pdf\" target=\"_blank\" rel=\"noopener\">January 2008: Revenue Update<\/a> <br><a href=\"https:\/\/sites.ncleg.gov\/frd\/wp-content\/uploads\/sites\/7\/2020\/11\/GeneralFundRevenueOutlook12-07.pdf\" target=\"_blank\" rel=\"noopener\">December 2007: Revenue Update<\/a><\/p>\n\n\n\n<ul>\n<li><hr class=\"wp-block-separator\" \/>\n<ul>\n","protected":false},"excerpt":{"rendered":"<p>North Carolina&#8217;s Revenue Forecasting Process The Consensus Revenue Forecast is an estimate of the amount of General Fund revenue available for the State budget.&nbsp; The forecast considers the national and State economic outlook, historical relationships between the State and the national economy, the impact of federal legislation, and technical or timing issues that may affect [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"class_list":["post-468","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Revenue &amp; Economy - Fiscal Research Division<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/sites.ncleg.gov\/frd\/revenue-and-economic-outlook\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Revenue &amp; Economy - Fiscal Research Division\" \/>\r\n<meta property=\"og:description\" content=\"North Carolina&#8217;s Revenue Forecasting Process The Consensus Revenue Forecast is an estimate of the amount of General Fund revenue available for the State budget.&nbsp; The forecast considers the national and State economic outlook, historical relationships between the State and the national economy, the impact of federal legislation, and technical or timing issues that may affect [&hellip;]\" \/>\r\n<meta property=\"og:url\" content=\"https:\/\/sites.ncleg.gov\/frd\/revenue-and-economic-outlook\/\" \/>\r\n<meta property=\"og:site_name\" content=\"Fiscal Research Division\" \/>\r\n<meta property=\"article:modified_time\" content=\"2026-03-24T18:58:00+00:00\" \/>\r\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\r\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\r\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sites.ncleg.gov\/frd\/revenue-and-economic-outlook\/\",\"url\":\"https:\/\/sites.ncleg.gov\/frd\/revenue-and-economic-outlook\/\",\"name\":\"Revenue &amp; Economy - Fiscal Research Division\",\"isPartOf\":{\"@id\":\"https:\/\/sites.ncleg.gov\/frd\/#website\"},\"datePublished\":\"2020-09-03T14:20:20+00:00\",\"dateModified\":\"2026-03-24T18:58:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/sites.ncleg.gov\/frd\/revenue-and-economic-outlook\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/sites.ncleg.gov\/frd\/revenue-and-economic-outlook\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/sites.ncleg.gov\/frd\/revenue-and-economic-outlook\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/sites.ncleg.gov\/frd\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Revenue &amp; Economy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sites.ncleg.gov\/frd\/#website\",\"url\":\"https:\/\/sites.ncleg.gov\/frd\/\",\"name\":\"Fiscal Research Division\",\"description\":\"Staff Agency of the NCGA\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/sites.ncleg.gov\/frd\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\r\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Revenue &amp; Economy - Fiscal Research Division","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/sites.ncleg.gov\/frd\/revenue-and-economic-outlook\/","og_locale":"en_US","og_type":"article","og_title":"Revenue &amp; Economy - Fiscal Research Division","og_description":"North Carolina&#8217;s Revenue Forecasting Process The Consensus Revenue Forecast is an estimate of the amount of General Fund revenue available for the State budget.&nbsp; The forecast considers the national and State economic outlook, historical relationships between the State and the national economy, the impact of federal legislation, and technical or timing issues that may affect [&hellip;]","og_url":"https:\/\/sites.ncleg.gov\/frd\/revenue-and-economic-outlook\/","og_site_name":"Fiscal Research Division","article_modified_time":"2026-03-24T18:58:00+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/sites.ncleg.gov\/frd\/revenue-and-economic-outlook\/","url":"https:\/\/sites.ncleg.gov\/frd\/revenue-and-economic-outlook\/","name":"Revenue &amp; Economy - Fiscal Research Division","isPartOf":{"@id":"https:\/\/sites.ncleg.gov\/frd\/#website"},"datePublished":"2020-09-03T14:20:20+00:00","dateModified":"2026-03-24T18:58:00+00:00","breadcrumb":{"@id":"https:\/\/sites.ncleg.gov\/frd\/revenue-and-economic-outlook\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/sites.ncleg.gov\/frd\/revenue-and-economic-outlook\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/sites.ncleg.gov\/frd\/revenue-and-economic-outlook\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/sites.ncleg.gov\/frd\/"},{"@type":"ListItem","position":2,"name":"Revenue &amp; Economy"}]},{"@type":"WebSite","@id":"https:\/\/sites.ncleg.gov\/frd\/#website","url":"https:\/\/sites.ncleg.gov\/frd\/","name":"Fiscal Research Division","description":"Staff Agency of the NCGA","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/sites.ncleg.gov\/frd\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/sites.ncleg.gov\/frd\/wp-json\/wp\/v2\/pages\/468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sites.ncleg.gov\/frd\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sites.ncleg.gov\/frd\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sites.ncleg.gov\/frd\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.ncleg.gov\/frd\/wp-json\/wp\/v2\/comments?post=468"}],"version-history":[{"count":4,"href":"https:\/\/sites.ncleg.gov\/frd\/wp-json\/wp\/v2\/pages\/468\/revisions"}],"predecessor-version":[{"id":5018,"href":"https:\/\/sites.ncleg.gov\/frd\/wp-json\/wp\/v2\/pages\/468\/revisions\/5018"}],"wp:attachment":[{"href":"https:\/\/sites.ncleg.gov\/frd\/wp-json\/wp\/v2\/media?parent=468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}