Saturday, August 13, 2016

GOP plan includes 2.5 percent cuts to balance N.D. budget - Mike Nowatzki, InForum

Gov. Jack Dalrymple on Monday unveiled a Republican plan for solving the state’s $310 million budget shortfall through a second round of budget cuts, draining a rainy day fund and withdrawing up to $100 million in profits from the state-owned Bank of North Dakota. Dalrymple directed state agencies Monday to cut their general fund budgets by an additional 2.5 percent, or $152 million, on top of a 4.05 percent cut ordered in February as low prices for oil and farm commodities weakened the state’s economy and hurt tax collections. Agency heads and university presidents were notified midday Monday about the additional cut.

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