Mon, Nov 9th, 2020 - 6:07pm
May 09, 2024 - 4:00pm | By Chris Larson
(Bismarck, ND) – North Dakota Governor Doug Burgum today announced his 2025-2027 biennium budget guidelines.
While state general fund revenues are running ahead of forecast, Burgum said the trajectory of the state’s overall budget requires a focus on efficiencies, savings and outcomes for citizens. The current general fund revenues for the current biennium are nearly 11 percent ahead of forecast through March, which is nine months into the budget cycle.
“Today, we’re issuing guidelines that ask agencies to tighten their belts, just as our citizens have had to tighten theirs due to the high prices of goods and services caused by high inflation,” Burgum said. “We realize that asking agencies to cut their budgets may seem counter-intuitive when our state coffers and reserves are flush with cash. But the current trajectory of our overall state budget requires us to contain costs, and we must identify additional areas for efficiencies and savings if we’re to ensure that ongoing revenues can cover expenditures in the long term.”
Today’s guideline release called for agencies with a budget of more than $10 million in general or special funds to identify a three percent reduction.
