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Monthly North Dakota Revenue Report |
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Budget Stabilization Fund
The Budget Stabilization Fund, known as the state's "rainy day fund," was established in 1987. Pursuant to N.D.C.C. 54-27.2-01, at the end of each fiscal year the fund cannot have a balance of more than 15% of the most current biennium General Fund appropriation as approved by the legislative assembly. For fiscal year 2024 the cap is $914.6 million. On July 19, 2024 a transfer of $58.4 million was made to the General Fund to bring the balance back down to the cap.
Net Position of the Budget Stabilization Fund (in millions)
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Statement of General Fund Revenues and Forecasts
Compared to Legislative Forecast
2023-25 Biennium
June 2024
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Compared to Previous Biennium Revenues
2023-25 Biennium
June 2024
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Comments or questions? Contact Susan Sisk, Office of Management and Budget Director.
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