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Fiscal staff: large starting balance, oil tax assumptions and revenue drivers shape 2025‑27 outlook
Summary
Legislative fiscal staff summarized the Burgum executive budget’s revenue outlook: a large beginning balance, proposed increased oil tax transfer to the general fund, and sensitivity of oil revenue forecasts to price and production assumptions.
Brady Larson and other Legislative Council fiscal staff summarized the revenue and appropriations picture in the Burgum executive budget and explained key sensitivities that will shape the budget outlook.
Larson said the executive budget shows a projected beginning general fund balance of about $1.215 billion, ongoing revenues near $5.07 billion and transfers of roughly $397.4 million for total available general fund resources near $6.7 billion for the 2025‑27 biennium. He noted that beginning balances historically have been much lower in prior bienniums and that the current…
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