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Tuesday, June 19, 2012

Random Update on North Dakota Finances

Link to Bismarck Tribune.

Data points (some numbers rounded):
  • North Dakota budget projection: $850 million surplus a year from now (June, 2013)
  • Three months ago (March, 2012) the surplus projection was: $600 million
  • Reserve funds: $1.2 billion -- 
The reserve fund (currently $1.2 billion):
  • oil tax trust fund
  • public school fund
  • property tax relief fund
 And the best line in the story:
Sharp says state income, sales and oil tax collections are running well ahead of projections.

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