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North Dakota REV-E-NEWS
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North Dakota REV-E-NEWS
North Dakota REV-E-NEWS July 2017
BISMARCK, ND 58505-0400
600 EAST BOULEVARD AVE DEPT. 110
OFFICE OF MANAGEMENT AND BUDGET
http://www.nd.gov/omb
Revised Forecast) lower than anticipated
estimated payments. Biennium
June 2017 revenues totaled to date collections are 3.0
$140.0 million, which is $28.0 percent below forecast and
million, or 25.1 percent above 36.5 percent lower than the
forecast. Biennium-to-date same time period in the 2013-
revenues of $4.12 billion are $27.5 15 biennium.
million, or 0.7 percent, higher than Corporate income tax
projected. When transfers from the collections of $19.2 million are
tax relief fund are excluded, 2015- $6.3 million above forecast,
17 revenues to date are tracking due to higher than anticipated
29.9 percent behind the same time estimated payments. Biennium
period in the 2013-15 biennium. to date collections are 4.3
Significant monthly variances are percent above forecast and
as follows: 61.7 percent lower than the
Sales tax collections of $68.3 same time period in the 2013-
million were $19.7 million, or 15 biennium.
40.6 percent, higher than Lottery collections of $6.2
anticipated for the month. million were $1.4 million lower
Biennium-to-date revenues are than anticipated primarily due
1.7 percent above forecast and to lower lottery ticket
30.7 percent less than the purchases because of lower
same time period in the 2013- jackpots available. Biennium-to
15 biennium. -date collections are 18.6
Motor vehicle excise tax percent higher than the same
collections totaling $11.2 time period in the 2013-15
million were $3.0 million, or biennium.
36.9 percent, more than Oil and gas tax collections
anticipated for the month. reached the $300.0 million
Biennium-to-date collections biennial cap in March. No
are 20.0 percent less than the additional oil taxes will be
same time period in the 2013- deposited in the general fund
15 biennium. during the 2017-19 biennium.
Individual income tax
collections of $13.6 million
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