The NC Department of Revenue has announced at their website that they are releasing 2008 tax refunds as the funds are available. The downturn in the economy has reduced the amount of revenues available for refunds. Therefore, the amount of refunds released is being controlled by the amount of funds available to cover those refunds each week. Since the weekly release of refunds is based on the amount of cash available each week, the Department of Revenue says that DOR employees cannot project a specific date each refund will be released.
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