BISMARCK, N.D. (AP Jun 18, 2013) – Revenue streaming into North Dakota’s general fund is $1.6 billion higher than officials estimated and there is still one month left to go in the two-year budget cycle.
State Budget Director Pam Sharp presented figures to legislators Tuesday. Sharp reported that revenue for the current biennium totaled $4.95 billion through May. That’s up 48 percent from the forecast released by the Office of Management and Budget in April 2011.
The general fund is expected to be left with a $1.7 billion surplus by the end of the month.
Sharp says the difference in numbers was based on nearly three-year-old numbers. She says growth in the past three years has been “phenomenal.”
Some lawmakers expressed frustration that the projected and actual numbers were so different.
N.D. Revenue Streaming In Higher Than Projected
Posted by KCSi News in State on June 18, 2013 4:23 pm / no comments












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