BISMARCK, N.D. (AP) — State tax revenue exceeded projections in April, according to new data released by state budget officials.
The Bismarck Tribune reported Monday that the data shows April’s general fund revenues outpaced 2019 legislative projections by 1.2%, or more than $2.7 million. Revenues have exceeded projections by 2.2%, or $96.6 million, since mid-2019.
May’s revenue numbers aren’t available yet but State Office of Management and Budget Director Joe Morrisette said Monday they looked to be what he called “fairly positive.”
Some tax sources are still underperforming 2019 projections, however, reflecting the disruptive effects of the COVID-19 pandemic.
Overall sales taxes, the largest source of general fund revenue, for example, were still 2.5% lower than the 2019 forecast, though. Overall oil taxes were 26% under forecasts.