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While many states are confronting severe budget shortfalls and dragging economies, North Dakota has a different sort of problem. It's stuck deciding how best to deal with a budget surplus. Yes, a surplus. North Dakota's balance sheet is so strong it recently reduced individual income taxes and property taxes by a combined $400 million, and is debating further cuts.
That's not exactly what residents of California ($25.4 billion projected budget shortfall for the 2012 fiscal year), Texas ($13.4 billion), New Jersey ($10.5 billion), New York ($10 billion), and 42 more states with projected 2012 budget shortfalls are in line for.
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