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Fiscal staff outline Burgum executive budget figures, oil revenue assumptions and key state funds
Summary
Legislative Council fiscal staff presented an overview of the Burgum executive budget, highlighting a large beginning general‑fund balance, proposal to raise the biennial oil tax transfer to the general fund, and projected oil price/production assumptions that drive the revenue forecast.
Alan Knudson, legislative budget analyst, and fiscal staff summarized the Burgum executive budget and the revenue picture that will guide committee deliberations.
The executive budget shows a proposed beginning general‑fund balance of $1,215,000,000, ongoing revenues of about $5,070,000,000 and transfers of $397,400,000, for a total of roughly $6.7 billion available for the 2025–27 biennium. Mr. Knudson explained that the recommended beginning balance includes an estimated $225,000,000 of “turn back” (unspent general‑fund…
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