Tax refunds up to date
This just came in from the N.C. Department of Revenue today:
As of May 13, the N.C. Department of Revenue has released all tax refunds that have been processed. The Department of Revenue has written 2.7 million refunds totaling $1.9 billion since Jan. 1, 2009. At this point last year, the Department had written 2.5 million refunds totaling $1.7 billion.The department continues to process 2008 individual income tax refund returns that were filed in April. As the tax returns are processed, the department anticipates releasing the refunds on a timely basis.
The state had delayed issuing some refunds due to a cash flow problem.
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