Rev-E-News: December 2025

December cover

Monthly North Dakota Revenue Report

2025-27 Allocation of the Legacy Earnings Fund

North Dakota Century Code 54-27-32 says that at the beginning of each biennium 8.0% of the five-year average value of the Legacy Fund balance is to be transferred to the Legacy Earnings Fund. The amount in the fund is then allocated as follows: the first $102.6 million to the Legacy Sinking and Interest Fund for debt service payments, the next 30.0% to the Highway Fund and the remainder to the Legacy Property Tax Relief Fund. The amount transferred to the Legacy Earnings Fund at the beginning of the 2025-27 biennium was $686.9 million. The chart below shows the allocation of the fund.

Dec 2025 Story chart

Oil Updates

Allocation of State Share of Oil & Gas Taxes

Based on allocations through November 30, 2025, and 2025 legislative forecast. 

Oil Tax Buckets

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Statement of General Fund Revenues and Forecasts

Compared to Legislative Forecast
2025-27 Biennium
November 2025

Legislative Forecast

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Compared to Previous Biennium Revenues
2025-27 Biennium
November 2025

Comparison to Previous

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