Fri, Sep 11th, 2020 - 12:29pm
January 13, 2021 - 5:45pm | By Chris Larson
(Bismarck, ND) -- Lawmakers are comparing revenue information from analysts with projections made by the executive branch. The House and Senate appropriation committees heard from IHS Markit analysts yesterday, who projected a good recovery toward the end of the year but "rough sailing" until then.
Oil tax revenue plummeted last year as the COVID-19 pandemic limited travel and decreased oil usage.
Legislative budget writers will use the information from both sources to create a budget projection.