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Published June 18, 2013, 04:05 PM

North Dakota general fund beats forecast by $1.6 billion

BISMARCK, N.D. (AP) — Revenue streaming into North Dakota's general fund is $1.6 billion higher than officials estimated and there is still one month left to go in the two-year budget cycle.

BISMARCK, N.D. (AP) — Revenue streaming into North Dakota's general fund is $1.6 billion higher than officials estimated and there is still one month left to go in the two-year budget cycle.

The Forum reports that state Budget Director Pam Sharp presented figures to legislators Tuesday. Sharp reported that revenue for the current biennium totaled $4.95 billion through May. That's up 48 percent from the forecast released by the Office of Management and Budget in April 2011.

The general fund is expected to be left with a $1.7 billion surplus by the end of the month.

Sharp says the difference in numbers was based on nearly three-year-old numbers. She says growth in the past three years has been "phenomenal."

Some lawmakers expressed frustration that the projected and actual numbers were so different.

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