North Dakota revenue growth slowing amid drop in oil prices

North Dakota lawmakers are working with a tighter budget forecast, adjusting for lower projected oil prices and economic uncertainty tied to trade policies. The latest revenue estimate anticipates $5.07 billion in general fund revenues for 2025-27, down $105 million from January’s forecast. While oil production is expected to dip slightly, sales and income tax revenues remain strong. Lawmakers now face tough decisions on spending, balancing priorities like property tax relief and school funding while navigating a cautious economic outlook.