NC Holding Residents' Tax Refunds Hostage

The Tarheel State joins California in delaying personal income tax refunds. Tax payers getting hosed....again!

Per today's News & Observer, "NC income tax refunds are slow in getting out."

North Carolina individual income tax refunds are slow in getting out because the Department of Revenue wants to ensure it has enough steady cash to cut the checks, agency Secretary Kenneth Lay said Thursday.

The "temporary backlog" described by Lay is the latest fiscal problem for North Carolina state government, which is dealing with dwindling tax collections due to the recession. Gov. Beverly Perdue is trying to close a projected $2.2 billion shortfall this fiscal year.