N.C. taxpayers, be warned: You'll have to wait longer again this year to get your income tax refunds.
Revenue Secretary Kenneth Lay said Friday his agency is starting to delay refund checks for individuals and businesses. It's all part of the state's effort to manage cash while its tax collections remain anemic.
"It's very much like the way a family manages their checkbook at the end of the month," Lay said in an interview. "When you're writing those checks to pay your bills, you want to make sure that you have enough in the account to pay each one of them."
The Revenue Department was required to hold back on refunds last year, too.
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