Joe Morrissette

North Dakota Ends Budget Cycle with More Cash than Expected

Budget director Joe Morrissette said the state's current budget cycle is running more than $42 million ahead of projections.

BISMARCK, N.D.–North Dakota ended its two-year budget cycle in June with about $250 million more than expected due to strong crude oil prices and better-than-anticipated earnings from the state’s oil tax savings account. Budget director Joe Morrissette told a panel of legislators Wednesday that the state’s current budget cycle that began July 1 already is running more than $42 million…