Lawmakers Hear Financial Projections In Bismarck

(Bismarck, ND) — Lawmakers are comparing revenue information from analysts with projections made by the executive branch. The House and Senate appropriation committees heard from IHS Markit analysts yesterday, who projected a good recovery toward the end of the year but “rough sailing” until then. Oil tax revenue plummeted last year as the COVID-19 pandemic limited travel and decreased oil usage. Legislative budget writers will use the information from both sources to create a budget projection.

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