North Dakota's surplus and strong economy are the envy of the nation.
Today, Governor Jack Dalrymple gave his vision for the next two years and it includes spending like never before... $12.8 billion.
Donnell Preskey has more.
Governor Jack Dalrymple says it's a special time in our state, with incredible growth and expansion...
Dalrymple says, "we've worked hard for our prosperity and now it's time to put our prosperity to work for us."
North Dakotan's should expect to see a share of the wealth in the form of tax cuts.
The Governor wants to raise the state's share of school funding, a move will cut homeowners property tax bill by 20 percent.
"This level of property tax relief is sustainable far into the future and is what the people of ND want," says Dalrymple.
He also proposes income and corporate tax rate cuts.
Dalrymple says, "It's important that the hard-working men and women of ND see a substantial share of our economic gains reflected in their tax bills."
Dalrymple proposes a new formula allowing oil counties to keep a larger percentage of oil revenues.
He also recommends spending $2.7 Billion on improving roads.
Another $1 Billion to go toward extraordinary highway projects.
Lawmakers responded to Dalrymple's plan to make Highway 85 between Williston and Watford City four lanes.
The project will increase safety on one of the busiest highways.
He also proposes adding 153 new law enforcement positions.
"These positions are neccesary for the public's safety," says Dalrymple.
Looking at various state funds, the state is expected to have a reserve of $5 Billion by 2015.
With that great wealth, it's no surprise Dalrymple's budget does not borrow, bond or impose no new taxes.
"I look forward to working with all of you and the people of our state to capitalize on our success and create our future together," says Dalrymple.
Here's a highlight of several other spending recommendations Dalrymple is proposing...
$180 million in flood repair and protection funding for the Red River, Devils Lake and Minot areas to name a few.
$550 million to K-12 Education.
$89 million to Higher Education where the Governor is also proposing a new funding formula for state colleges and universities.
On top of that, Dalrymple is recommending $160 million for campus projects at eight colleges.
His budget also includes funding for 171 additional state employees.