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N.D. tax revenue much larger than projections

Published 03/13/2012, State Capitol Bureau

North Dakota may need to get a bigger piggy bank. The latest state finance report predicts at least $1.5 billion in surplus and reserves by June 30, 2013, the end of the biennium. The state’s booming economy has resulted in stronger than expected revenues from sales taxes, individual and corporate income taxes, and oil and gas taxes.

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