The North Dakota Office of Management and Budget released a revised revenue forecast Monday. The state is taking in more revenue than originally forecast November 2018. General fund revenues are estimated at $4.3 billion for the 2019-2021 biennium. That’s an increase of $51 million. OMB Director Joe Morrissette said the increase is due to higher projected sales taxes and corporate income tax collections. The revised forecast could provide an additional $40.5 million in general fund revenues for the 2017-19 biennium. The IHS Markit forecast will be released Tuesday and used as a second opinion.
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