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North Dakota state budget (2010-2011)
| Note: This article was last updated in 2011. Click here for more recent information on state budgets and finances. |
North Dakota did not face a budget deficit for its 2007-2009 biennium nor for its 2009-2011 biennium. The 2009-2011 biennial budget was $7.710 billion.[1]
As of July 2010, North Dakota had a total state debt of $2,348,367,009 when calculated by adding the total of outstanding debt, pension and OPEB UAAL’s, unemployment trust funds and the 2010 budget gap as of July 2010.[2]
| Total spending | Pension | Healthcare | Education | Welfare | Protection | Transport | Debt | Budget gap |
|---|---|---|---|---|---|---|---|---|
| $4.1 | $0.2 | $0.7 | $1.0 | $0.6 | $0.2 | $0.5 | $1.8 | $0 |
| Total spending | Pension | Healthcare | Education | Welfare | Protection | Transport | Debt |
|---|---|---|---|---|---|---|---|
| $2.8 | $0.0 | $0.0 | $1.5 | $0.1 | $0.2 | $0.4 | $1.6 |
FY2010-11 State Budget
- See also: Archived North Dakota state budgets
Find the state’s FY2011 Comprehensive Annual Financial Report (CAFR) compiled by the state government here.
Gov. John Hoeven's budget recommendation for the 2009-2011 biennium was $7.710 billion. The 2009 Legislative Assembly increased the Governor’s total budget by $1.139 billion or 14.8 percent.[4]
The North Dakota Legislative Assembly increased the General Fund 2009-2011 biennium to $3.25 billion and Total Funds to $8.49 billion.[5]
Budget background
- See also: North Dakota state budget and finances
The 2009-11 biennium began July 1, 2009, and ends June 30, 2011.[6]
North Dakota’s Legislature meets for up to a total of 80 days beginning in January and usually concluding in April of each odd-numbered year. Prior to the completion of the Governor's recommended budget the Governor takes into account individual agency requests, prior budget figures and projected revenue data. Both the House and the Senate receive the Governor’s executive budget recommendation during its organizational session in the December preceding the legislative session. Once passed by both chambers of the Legislature, each bill was delivered to the Governor for signature. According to the North Dakota Century Code, which includes the State Constitution, states that the Emergency Commission had the authority to approve agency requests for line item transfers, for acceptance of additional federal and other funds, and for use of state contingencies appropriations.[7]
| Fiscal Year | Expenditures (billions) | GDP (billions) |
|---|---|---|
| 2000 | $4.0[8] | $17.8[8] |
| 2001 | $4.1[8] | $18.5[8] |
| 2002 | $4.2[8] | $19.9[8] |
| 2003 | $4.3[8] | $21.7[8] |
| 2004 | $4.5[8] | $22.7[8] |
| 2005 | $4.8[8] | $24.6[8] |
| 2006 | $4.9[8] | $25.9[8] |
| 2007 | $5.1[8] | $27.7[8] |
| 2008 | $5.2[8] | $29.7[8] |
| 2009 | $5.3*[8] | $31.9*[8] |
- NOTE: The figures for FY 2009 were not finalized until the end of the fiscal year.
- See North Dakota state budget (2008-2009) for more information.
Accounting principles
The North Dakota Office of the State Auditor (OSA) was divided into three operational divisions.[9]
- 1. Division of State Audit
- 2. Division of Local Government Audit
- 3. Division of Royalty Audit
The OSA publishes its audit reports online. The State Auditor was a constitutionally elected state official. Robert R. Peterson had been State Auditor since his election in 2000.[10][11]
| Credit Rating | Fitch | Moody's | S&P |
| North Dakota[12] | NR | Aa2 | AA+ |
See also
North Dakota state budget and finances
Footnotes
- ↑ State of North Dakota Legislative Appropriations 2009-11
- ↑ State Budget Solutions “States Hide Trillions in Debt” July 22, 2010
- ↑ 3.0 3.1 USA Spending, State Guesstimated* Government Spending
- ↑ "f North Dakota Office of Management and Budget, Fiscal Division, "Legislative Appropriations 2009-2011 Biennium," August 12, 2009
- ↑ "f North Dakota Office of Management and Budget, Fiscal Division, "Legislative Appropriations 2009-2011 Biennium," August 12, 2009
- ↑ North Dakota Office of Management and Budget, "2009-11 Budget Highlights," July 2009
- ↑ North Dakota Legislative Branch, "Budget Process," December 5,2008
- ↑ 8.00 8.01 8.02 8.03 8.04 8.05 8.06 8.07 8.08 8.09 8.10 8.11 8.12 8.13 8.14 8.15 8.16 8.17 8.18 8.19 US Government Spending, "North Dakota State and Local spending," accessed March 29,2009
- ↑ North Dakota Office of the State Auditor Web site, accessed November 4, 2009
- ↑ Project Vote Smart Web site, accessed November 4, 2009
- ↑ audit reports
- ↑ State of Indiana, “State Credit Ratings-as of June 24, 2009"
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