BISMARCK, N.D. (AP) – North Dakota’s oil wealth-fueled general fund surplus continues to grow.
State Budget Director Pam Sharp says officials estimate the surplus will be at $457 million when the two-year budget cycle ends on June 30, 2015. The Bismarck Tribune reports that is a substantial increase from the $87 million projection when the Legislature adjourned last May.
The current biennium began last July 1. So far, the state has collected just under $2 billion in general fund revenues. That is more than 6 percent ahead of projections in May 2013.
The final revenue forecast for the 2015-17 budget cycle will come in November, with the governor’s budget address to follow in December during the organizational session for the 2015 Legislature.
N.D. Budget Surplus Grows
Posted by KCSi News in State on March 13, 2014 11:21 am / no comments












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