{"id":88976,"date":"2015-12-03T07:19:15","date_gmt":"2015-12-03T13:19:15","guid":{"rendered":"http:\/\/csinewsnow.com\/?p=88976"},"modified":"2015-12-05T10:48:57","modified_gmt":"2015-12-05T16:48:57","slug":"nd-revenue-forecast-needs-update-drop-in-oil-drilling","status":"publish","type":"post","link":"http:\/\/csinewsnow.com\/?p=88976","title":{"rendered":"ND revenue forecast concerns"},"content":{"rendered":"<p><a href=\"http:\/\/csinewsnow.com\/wp-content\/uploads\/2014\/10\/oil-prices-drop1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-medium wp-image-56851\" alt=\"oil prices drop1\" src=\"http:\/\/csinewsnow.com\/wp-content\/uploads\/2014\/10\/oil-prices-drop1-300x202.jpg\" width=\"300\" height=\"202\" srcset=\"http:\/\/csinewsnow.com\/wp-content\/uploads\/2014\/10\/oil-prices-drop1-300x202.jpg 300w, http:\/\/csinewsnow.com\/wp-content\/uploads\/2014\/10\/oil-prices-drop1-259x175.jpg 259w, http:\/\/csinewsnow.com\/wp-content\/uploads\/2014\/10\/oil-prices-drop1.jpg 445w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>BISMARCK, N.D. (AP) \u2013 North Dakota\u2019s top budget writer says \u201cit\u2019s very likely\u201d an updated revenue forecast will be needed due to drop in oil drilling in the state.<br \/>\n\u00a0<br \/>\n\u00a0\u00a0\u00a0\u00a0 Office of Management and Budget Director Pam Sharp says a reworked revenue forecast is the initial step in addressing potential revenue shortfalls in the current two-year budget cycle.<br \/>\n\u00a0<br \/>\n\u00a0\u00a0\u00a0\u00a0 Overall tax revenues are already nearly $112 million less than projected for the two-year budget cycle that began on July 1. Most of the drop comes from weakened sales tax revenue.<br \/>\n\u00a0<br \/>\n\u00a0\u00a0\u00a0\u00a0 Sharp says she will decide by mid-month whether to consider updating the state\u2019s revenue forecast that was given to the Legislature in March.<br \/>\n\u00a0<br \/>\n\u00a0\u00a0\u00a0\u00a0 If an updated forecast is done and predicts a shortfall, state agencies would face cuts of up to 2\u00a0 1\/2 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BISMARCK, N.D. (AP) \u2013 North Dakota\u2019s top budget writer says \u201cit\u2019s very likely\u201d an updated revenue forecast will be needed due to drop in oil drilling in the state. \u00a0 \u00a0\u00a0\u00a0\u00a0 Office of Management and Budget Director Pam Sharp says a reworked revenue forecast is the initial step in addressing [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":56851,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-88976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-state"],"_links":{"self":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/88976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=88976"}],"version-history":[{"count":5,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/88976\/revisions"}],"predecessor-version":[{"id":89170,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/88976\/revisions\/89170"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/media\/56851"}],"wp:attachment":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=88976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=88976"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=88976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}