Budget Forecast Dead On

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We took a closer look at the state’s budget after yesterday’s presentation.

While comparing this year’s revenue to last biennium may seem bleak, the budget forecast itself was actually dead on.
The office of budget and management was about one tenth of a percent off  in its forecast.
We sat down with the OMB director to see how the finances were shaping up.

Joe Morrissette; OMB Director: So even though we’re lower than we were two years ago, that was anticipated when the budget was built and when the forecast was built for this biennium.”

He says the federal tax reform bill will have a positive affect on North Dakota tax payers…
But a negative impact on the state budget once they go to draft up next biennium’s forecast.

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