REVENUE

North Dakota Oil Output Pushes Revenue Ahead of Forecast

Oil production is running about 5% ahead of projections.

BISMARCK, N.D.–Record oil production is pushing state revenue ahead of expectations for the first several months of the state’s two-year budget cycle. North Dakota budget director Joe Morrissette says revenue is up 7.6%, or about $121.6 million, over projections. Oil production in North Dakota is at about 1.5 million barrels daily. The state has so far collected more than $1.25…

State of Minnesota Projects $1.3 Billion Budget Surplus for 2020-21

The money will be allocated to the budget reserve account.

ST. PAUL, Minn. (FOX 9) – The state of Minnesota projects a $1.3 billion budget surplus in the fiscal year 2020-21. The Minnesota Management and Budget office released the forecast Thursday morning showing an economic outlook that “has improved since the end of the 2019 legislative special session.” The forecast showed an improved revenue forecast for the state and a small decrease…

Congressman Kevin Cramer Visits the Chamber to Discuss Updates from Congress

Cramer believes wages and economic growth have been pushed higher and revenue to the government is rising

MOORHEAD, Minn. — Congressman Kevin Cramer makes a visit to the Fargo West Fargo Moorhead Chamber to discuss updates from Congress. He says the economy is in an exciting place, with more job openings than people looking for work. Cramer believes wages and economic growth have been pushed higher and revenue to the government is rising. He says there is…

Changes Coming to the Minnesota State Fair

The projects will be funded through State Fair operating revenue and grants from the Minnesota State Fair Foundation

  REGIONAL — The Minnesota State Fairgrounds is getting an $11.1 million face-lift. The State Fair’s board of managers on Sunday approved $7.2 million in capital improvements and $3.8 million in maintenance projects for the coming year. The work will include construction of a new restroom and new pet exhibition area, improvements to the livestock complex and upgrades to infrastructure….

North Dakota Lawmakers Hire Colorado-Based Firm for Revenue Forecasts

The eight-member panel includes majority and minority leaders

BISMARCK, ND — North Dakota leaders are getting a second opinion on revenue forecasts. The Legislative Revenue Advisory Committee has decided to hire Colorado-based analysts and consultants IHS Inc. The eight-member panel includes majority and minority leaders. State budget analysts and Moody’s Analytics have been working together for nearly two decades on the revenue forecasts. But they’ve missed projections by…

North Dakota Horse Park Requesting Seven Race Dates in 2018

Daily attendance averaged nearly 2,000 people, which was down several hundred from 2016

  FARGO, ND — The North Dakota Horse Park in Fargo will ask for seven race dates in 2018, one day less than this year. The director says the three day horse race weekends tried for the first time this summer didn’t pan out the way they had hoped. He says the extended race dates spread horse numbers thin and…

Dakota Access Pipeline will Continue Operations, Despite Environmental Impact Study

U.S. District Judge James Boasberg ordered more environmental study anyway

  NORTH DAKOTA — A federal judge says the Dakota Access oil pipeline can continue operating while an environmental impact study is done. The $3.8 billion pipeline built by Texas-based Energy Transfer Partners began moving North Dakota oil to Illinois on June 1. U.S. District Judge James Boasberg ordered more environmental study anyway. He has now ruled that the pipeline…