BISMARCK, N.D. (AP) _ North Dakota budget director Pam Sharp says state tax collections continue to flourish.
Sharp says North Dakota's sales tax collections are 13.6 percent better than what lawmakers expected when they finished writing the state's two-year budget last spring. The numbers are good through the end of September.
Tax collections on motor vehicle sales, which are separate from North Dakota's general 5 percent sales tax, have risen by 8.3 percent, Sharp said. Individual income tax revenues have improved by 8.5 percent.
When the 2007 Legislature finished its budget work, lawmakers expected to have an $18.6 million balance when the two-year budget period ends on June 30, 2009. Sharp says that revenue cushion has grown to $134 million.
Oil tax collections are booming. Legislators expected to collect $27.7 million in state oil taxes from July 1 through September. Sharp says the actual revenues are $43.3 million. ND tax collections continue to flourish 20071030
