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North Dakota Surplus to Hit $2 Billion Within a Year

North Dakota’s billion-dollar surplus just keeps getting bigger.

Thanks in large part to a boom in oil production, the state’s budget reserves are expected to top $2 billion by the end of June 30, 2013, the end of the two-year budget cycle, according to new figures released earlier this week by the state Office of Management and Budget.

Broken down by category, the state expects to have a surplus of almost $850 million in its general treasury in June 2013. In March, the prediction was $592 million, The Associated Press reported.

by Pamela M. Prah, Staff Writer

Full Story: http://www.pewstates.org/projects/stateline/headlines/north-dakota-surplus-to-hit-2-billion-within-a-year-85899400065

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