Budget report says North Dakota will have a $2 billionsurplus by 2013Fargo, ND (WDAY TV) - It's just one more sign North Dakota may have the strongest economy in the United States.
By: WDAY Staff Reports, WDAY
It's just one more sign North Dakota may have the strongest economy in the United States. A new budget report says the state will have a 2-billion dollar surplus by next summer. It means about 850-million spendable dollars in the general fund, up from the 592 million predicted in March. The rest of the money can only be accessed if there's a revenue shortfall.
SEN. Tim Mathern – (D) North Dakota: “It's an indicator that property taxes are out of whack in North Dakota, so with part of this money we can reform property taxes in such a way that there is a reduction of property taxes for residents of the state.”
Legislators will decide how the money should be spent in January.