SURPLUS

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N.D. predicts another large surplus
BISMARCK North Dakota is on track to have a $696 million surplus by the end of the biennium in June, state officials announced Tuesday. The state Office of Management and Budget released updated rev...
Posted on 9/22/10 at 9:08 AM
More blog posts about surplus

State's reserves predicted to hit $2 billion

BISMARCK – No longer will North Dakotans be talking about the state’s billion-dollar surplus and reserves.

By Teri Finneman , June 19, 2012

Farm teacher groups promote N.D. oil savings fund

BISMARCK — An influential teachers’ group is supporting a proposed constitutional amendment that would establish a new savings account for North Dakota’s surplus oil tax collections, almost two years after it helped sink a similar measure.

By By Dale Wetzel, The Associated Press , September 29, 2010

N.D. on track for a $696 million surplus

BISMARCK — North Dakota is on track to have a $696 million surplus by the end of the biennium in June, state officials announced Tuesday. The state Office of Management and Budget released updated revenue projections for the 2009-2011 biennium and preliminary revenue projections for the 2011-2013 biennium.

By By Teri Finneman , Forum Communications Co. , September 22, 2010

N.D. on track to have $696 million surplus in June

BISMARCK — North Dakota is on track to have a $696 million surplus by the end of the biennium in June, state officials announced today.

September 21, 2010

Letter to the editor: Letter shows ignorance in facts on surplus energy

After reading Audrey Cleary’s letter to the editor, I am relieved to know that she no longer holds a seat in the North Dakota Legislature. Her ignorance to current policy and how it affects our state and national economy makes me wonder what she was doing there in the first place. No one said that Gov. John Hoeven put the oil and coal in the ground.

By Jon Wagar , September 17, 2010

N.D. oil production, prices outpace budget forecasts

North Dakota's budget director says the state's oil production and prices are both well ahead of state forecasts.

December 15, 2009

North Dakota to see slightly smaller surplus in 2009-11

North Dakota’s treasury will see less money in 2009-11 than its budget writers had predicted in November, but the decrease isn’t enough to affect the state’s ability to fund government and maintain reserves, Gov. John Hoeven announced Monday.

By By Janell Cole, N.D. Capitol Bureau , February 10, 2009

Letter to the editor: Invest surplus state funds in electrical infrastructure

We have a surplus of money. Some of this tax money should go back to the taxpayers. This often becomes a claim when there is more money than the budget called for in the past. The legislators in Bismarck are positioning themselves in Bismarck to give this money back during this session. Should we not be taking a broader view of this surplus? Should we not be asking ourselves whether this isn’t a good time to be investing some of this surplus in building North Dakota?

By Margaret Bitz, Fargo , January 23, 2009

Hoeven outlines budget

Gov. John Hoeven’s proposed 2009-11 budget seeks hundreds of millions of dollars in new money for education, tax cuts and infrastructure improvements, but even under a “conservative” scenario, he predicts the state will have $800 million in reserves on June 30, 2011. The plan proposes spending $3.1 billion in general funds, which are made up largely of various taxes. And he anticipates spending $7.7 billion in total funds, which includes federal programs that send money into the state and agencies that operate with their own user funds.

By By Janell Cole, N.D. Capitol Bureau , December 04, 2008

Leaders react, urge caution

There’s a lot to like in the governor’s budget, lawmakers and others said, but they have lots of questions and some worries about what would happen in future years if they were to adopt major parts of it as proposed.

By By Janell Cole, N.D. Capitol Bureau , December 04, 2008

Hoeven budget: tax cuts, education boost, hefty reserves

BISMARCK — Even under his worst-case scenario, Gov. John Hoeven’s 2009-11 state budget predicts the state will have $800 million in reserve on June 30, 2011. Otherwise, he’s predicting a reserve of $1.2 billion, he told legislators meeting in joint session. That's after devoting $300 million to property tax relief, $100 million in income tax relief, $350 million for one-time capital projects and deferred maintenance. He also proposes boosting public school funding by $130 million, with other spending increases sought for college tuition assistance, child care, home-and-community-based care for seniors.

By Janell Cole , December 03, 2008

What others think:" Tuition costs in N.D. need to be addressed

The desire to use the North Dakota’s more than $1 billion surplus on many good things will be high. In terms of spending the surplus, the Legislature needs to deal with the basics: education, corrections, health care for vulnerable citizens and roads and bridges before addressing other valid needs.

By The Bismarck Tribune , December 03, 2008

AG rules WSI surplus illegal

Attorney General Wayne Stenehjem has sided with the state auditor, saying Workforce Safety and Insurance’s surplus has been kept at illegally high levels.

By By Janell Cole , November 18, 2008

Legislators ponder budget surplus

With an expected $1.2 billion state budget surplus in North Dakota, potential House and Senate leaders say they will consider such things next year as property tax relief and more money for education.

November 11, 2008

Letter to the editor: Measure No. 1 will save surplus for the future

Gov. John Hoeven has a plan to use $300 million of our state’s projected surplus; no wait, he updated that plan recently to $500 million. Not to be outdone, Sen. Tim Mathern, the Democratic candidate for governor, came up with a plan to do away with $1 billion of our state’s projected surplus. Brace yourself for the governor’s next plan; I expect the bidding to go higher.

By John Risch, Bismarck , September 22, 2008

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