So, I heard on NPR yesterday that North Carolina will be delaying tax refunds to its citizens in order to manage cash flow.
Let me get this right ...
The state will keep money from people who overpaid taxes. They will keep someone else's money, interest free, until they feel like they can pay it.
Bizarre
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2 comments:
Great, won't be long before SC adopts that too.
Look on the bright side though, with the Fed trying to compete with Japan's Central Bank in the title for "World's Lowest Interest Rates", at least you're not losing out on the opportunity for interest.
Amen. Wish I knew someplace safe I could get at least 2-3% interest.
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