ND coffers continue to grow

North Dakota’s piggy bank has a little extra jingle to it according to an updated financial report presented to the Budget Section of the Legislature on Wednesday.

The numbers show general fund revenues are up 13.5% over forecasts – the equivalent of 235.6 million dollars.

Office of Management and Budget Director Susan Sisk told lawmakers that the main drivers of the budget are performing better than expected.  “Sales tax…motor vehicle…individual income…and corporate taxes are all up.”

Sisk says oil prices are also contributing to the state’s bottom line.  “We budgeted $79 a barrel during the first year and $65 for the second year.  Our actual is $73.70 and our capacity is also up over forecast.”

The estimated ending balance on June 30th is now pegged at over $599 million dollars.
North Dakota’s Legacy Fund totals $10,045,010,431 through February.