Gov. Doug Burgum (R-ND)
BISMARCK, N.D. – North Dakota Gov. Doug Burgum and other state officials have begun the process of developing spending plans for the next two-year budget cycle.
It’s a task that comes amid a treasury flush with increased tax collections. Burgum says fiscal cautiousness will rule the process. In January, sales tax revenue in the state of North Dakota exceeded $104 million.
It’s the first time sales tax reached triple-digits in nearly three years. And since the current two-year budget period began in July, North Dakota has received $1.24 billion in oil tax revenue. That’s up from the $976 million that had been forecast.
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