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House budget writers cut ND bonding package

By Pat Sweeney Feb 12, 2021 | 3:10 PM

Budget writers in the North Dakota House have slashed by almost half a landmark $1.1 billion proposed bonding package aimed largely at financing infrastructure projects across the state. The Republican-led House Appropriations Committee has endorsed the now-$680 million package that relies on earnings from the state’s voter-approved oil tax savings account to pay for the borrowed money. The proposal was being finalized Friday and will be sent the full House next week for consideration. About 75% of the money in the bonding proposal would fund flood-control projects in Fargo and Minot.

 

AP

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