North Dakota Revenues Healthy Five Months Into Two Year Budget Cycle

(Bismarck, ND) — An update given to North Dakota lawmakers last week says that state revenues are looking healthy five months into the two-year budget cycle. The Office of Management and Budget Director Joe Morrissette says revenues through November are ten percent ahead of forecasts. Morrissette says it’s early in the budget cycle and continued gains aren’t guaranteed. The Legislature’s revenue forecasts are considered “very conservative” by Morrissette, so positive gains are easier to achieve. He says higher oil prices have contributed to the gains.

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