Burgum Presents Budget Proposal to Legislative Leaders
Gov.
Burgum recommends ongoing spending of
"
The structurally balanced budget would cushion the general fund with an ending balance of approximately
Achieving that positive balance required finding about
To help offset the additional reduction to higher education, Burgum proposes increasing funding from
In the second year of the biennium, Burgum's budget would eliminate 1 percent increases in three areas: state and campus employee salaries, the per-pupil payment for K-12 schools and an inflationary adjustment for
State employees would pay 5 percent of their health insurance premiums, saving the state
"These measures, while difficult in the short term, will position our state for long-term success with a leaner budget that is more adaptable to volatile swings in commodity prices," Burgum said.
The budget replenishes the rainy-day
"We need to think strategically during the next interim about how we deliver higher education to students through existing infrastructure," Burgum said.
Burgum also recommends not using the SIIF to repay the
In addition, his proposed budget reduces the transfer of
With the flexibility provided by voters through the passage of Measure 2, Burgum also recommends using
At the same time, his budget removes a proposed
The budget takes a more conservative approach toward oil, assuming
Oil tax revenue available to the general fund would decrease from
Highlights from Dalrymple's budget that Burgum has retained include:
* Continued funding of
* Support for a long-term care provider assessment, which is used by more than 40 states and will ensure quality care continues in
* A combined
* SIIF funding for the
* Transferring
"We recognize this is a collaborative process and will continue to work with the Legislature to find the very best solutions that benefit the people of
MSTRUCK-5757517 MSTRUCK


Sen. Tillis Welcomes Executive Order to Ease Burden of Obamacare
New York Life Appoints Malloy as Chief Investment Officer
Advisor News
- Important year-end financial conversations every advisor must have
- What happens to insurance planning when a client retires early?
- Ask the right questions to turn clients into raving fans
- The first 5 years of your career could determine the next 50
- Your client’s $3 million portfolio doesn’t tell you their insurance needs
More Advisor NewsAnnuity News
- What lower interest rates mean to annuity payouts
- AM Best downgrades A-Cap insurers amid financial and regulatory troubles
- Lawsuit claims Delaware Life hid billions in insurer-linked investments
- AM Best to Deliver Presentation at 2026 ACLI Annual Conference
- Global Atlantic Announces Launch of ForeLifetime Income, a New Fixed Index Annuity
More Annuity NewsHealth/Employee Benefits News
Life Insurance News