BISMARCK, N.D. (AP) – North Dakota’s oil wealth-fueled general fund surplus continues to grow.
The Office of Management and Budget released updated revenue projections for the 2013-2015 biennium Friday.
Officials estimate the surplus will be at $614 million when the two-year budget cycle ends on June 30, 2015. The projection is significantly more than the surplus of $457 million projected in February.
The office also released its preliminary revenue forecast for the 2015-2017 biennium. Revenues are projected to total $5.17 billion, about $293 million over the revised 2013-2015 forecast of $4.88 billion.
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.
Oil fueled surplus grows
Posted by KCSi News in State on August 29, 2014 2:22 pm / no comments
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