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Published September 19, 2012, 05:13 PM

North Dakota budget surplus at $1.6 billion

Fargo, ND (WDAY TV) - $1.6 billion. That is the new staggering amount of North Dakota's budget surplus.

By: WDAY Staff Reports, WDAY Staff Reports, WDAY

Fargo, ND (WDAY TV) - $1.6 billion. That is the new staggering amount of North Dakota's budget surplus.

It's jumped since July when the surplus stood at $850 million.

That doesn't count $1.1 billion in state reserve funds that have restrictions on how they can be spent.

Governor Dalrymple says oil exploration in western North Dakota has caused a bigger increase in tax collections than anyone expected.

He says the surplus should be devoted to one-time public works projects and tax cuts.

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