Apr 19, 2024 - News

The Tea: North Carolina's $1 billion surplus

Illustration of a wolf, ram, and bull sitting at a table, having a tea party.

Illustration: Allie Carl/Axios

🤑 North Carolina will have a revenue surplus of $413 million this fiscal year and is forecasted to have a $1 billion surplus next year, due to higher tax revenues than anticipated. (Associated Press)

🌮 Armadillo Grill is closing in Raleigh's Glenwood South neighborhood after more than 20 years of serving late-night food in the entertainment district. (News & Observer 🔒)

💰 Raleigh City Council approved expanding the special tax district downtown to include more parts north and west of downtown. (Triangle Business Journal 🔒)

Fujifilm Diosynth Biotechnologies is laying off 67 workers at its Research Triangle Park operation as it restructures one of its business units. (Business NC)

📲 A viral video out of Asheville shows a group of people pulling two bear cubs from a tree to take pictures with them. Wildlife experts say one cub was left orphaned and potentially harmed. (CBS)

🏪 Developer BrodyCo has proposed changes to Lakewood Shopping Center in Durham, including renovating existing storefronts and adding more retail space and climate-controlled storage units. (INDY Week)

  • During a neighborhood meeting, residents said they were displeased about the lack of housing included in the proposal and the inclusion of storage units.

🏀 Former UNC basketball player Dontrez Styles is transferring from Georgetown to play at N.C. State next year. (On3)

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