N.D. House Appropriations Committee looks at revenue forecast
The House Appropriations Committee looked at the revenue forecast for the new budget, and they made an unusual decision.
The committee actually voted to work with less money than they could, almost a quarter billion dollars less.
The budget former governor Jack Dalrymple proposed is a little too rich for these law maker's taste and they decided to cut back.
The $235 million in cuts are based on predicting lower revenue from oil taxes than in the Dalrymple budget, but members of the committee may be reacting to inaccurate forecasts of the past as well.
"This is a little bit different, this is our first time we've done it since I've been here where we've had our own, our own legislature, legislative budget that we're working off of. And quite frankly, because things, the revenue picture that we have seen ourselves in today things are kind of fluid and moving. So we felt that we should change what we're basing the budget on and actually work from a lower number,” said Rep. Mike Nathe, R-Bismarck.
This forecast will be used to set the budget starting on July 1, which will last for the next two years.