North Dakota’s Tax Collections Fell Off a Cliff in May


MINOT, N.D. — Each month, North Dakota’s Office of Management and Budget releases an update on general fund revenues.

These reports typically compare the latest month’s collections from the state’s various revenue streams to the forecast the Legislature used to budget as well as actual collections from the last budget cycle.

The June report, which was just issued today, covers the month of May, and it paints an ugly picture.

Continue reading…