The chairman of the Legislature’s interim committee on Government Finance said revenue volatility is a given, in North Dakota's commodities-based economy.
The 2017 Legislative session authorized the study, after lawmakers had to make significant cuts in state spending. The Government Finance Committee was assigned the study.
The chairman -- Sen. Ron Sorvaag (R-Fargo) said the committee didn’t make any recommendations on that issue for the 2019 session.
"We have reserves," Sorvaag said. "We budget conservatively. That's a good way to handle it."