Local legislators met today with a state official to get a financial update between the last and next legislative session. The focus for many in attendance was on assessing local financial needs that have grown along with the oil boom.
North Dakota Director of the Office of Management and Budget, Pam Sharp, says that the trend of state coffers having more money than expected continues. What it looks to be leading to is another legislative session that will begin with more money than law makers thought the state would have.
(Pam Sharp, North Dakota Director of the Office of Management and Budget) "Well right now our revenues are running about nine percent ahead of forecast. So that amounts to about a hundred and thirty four million at this point in the biennium than we had anticipated. So I would anticipate that when the legislature comes to town, next biennium, they're going to look to invest that money into more infrastructure growth, uh they're probably going to look at more tax relief and just look at the needs of North Dakota and see where that money should be invested."