North Dakota, Flush With Oil Revenue, Passes a Debt-Free Budget
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Monday, May 2, 2011 |
CHICAGO — North Dakota legislators last week approved a fiscal 2012-13 $9.9 billion budget that reflects the state’s flush position, featuring $500 million of tax cuts, nearly $1 billion of infrastructure projects financed with cash, and $1 billion of reserves. For the third biennium in a row, the budget includes...
