According to North Dakota Governor Doug Burgum in the 2020 State of the State address, North Dakota is strong, growing and full of opportunity. “This isn’t about the state of the state in 2020 and we’re in fantastic shape, but it’s important to look ahead at the legacy decisions that will ensure prosperity for North Dakota in 2030 and 2040.” Burgum said the state’s finances are stable and reserves are being rebuilt. The Budget Stabilization Fund is expected to reach its statutory cap of $726.5 million by the end of the 2019-2021 biennium. Burgum also proposed investing the state legacy fund in infrastructure, property tax relief and legacy projects. That fund has a balance of $6.8 billion. Workforce development are a priority. Burgum mentioned agriculture in his reflection of 2019, noting the challenging fall. “This is the most amount of dollar values of crops that have been left standing in North Dakota. Billions of dollars of crop were unharvested this last year. We feel very fortunate President Trump approved our request for Presidential Disaster Declaration for 16 counties.” Burgum said the state is working to offer emergency disaster loans and funding to help agriculture families and spring flood risks are real. This is his fourth state of the state address.
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