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Mutual Fund Window Election State of North Dakota Form
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People also ask
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How much money does North Dakota receive from the federal government?
That year, North Dakota received approximately $1.5 billion in federal aid, 16.8 percent of the state's general revenues.
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What is North Dakota main source of income?
Agriculture is the leading industry sector in North Dakota and points clearly to the extraordinarily important role North Dakota plays in raising crops and livestock to feed the world's growing population and meet increasing demands for renewable energy and life science applications.
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What states take the most federal money?
Alaska. Alaska is the most federally dependent state, as over 57% of the state's revenue comes from federal funding.
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What is a legacy fund?
Legacy funds provide you the opportunity to share the gift of giving with future generations. You can use assets named in your legacy fund to open a charitable giving fund for family, a friend, a business or committee to continue to invest in causes they care about and pass on the joy of giving.
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What is the purpose of the Legacy fund in North Dakota?
North Dakota Century Code Section 21-10-11 provides that the goal of investment for the legacy fund is principal preservation while maximizing total return. The legacy fund was created, in part, due to the recognition that state revenue from the oil and gas industry will be derived over a finite timeframe.
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What is the source of revenue for North Dakota?
The 2021-23 state budget is $16.94 billion, consisting of $4.99 billion (29.5%) from the state General Fund, $5.87 billion (34.6%) from federal funds, and $6.08 billion (35.9%) from state special funds. The General Fund is where general, non-dedicated tax revenues are deposited.
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Does North Dakota have a budget surplus?
North Dakota's 2021-2023 budget closed June 30 with a balance of nearly $1.5 billion, which was $288 million over an April forecast that was used to set the budget, because of strong revenues and lower-than-budgeted spending by state agencies.
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What is the economy for North Dakota?
In the 3rd quarter of 2023, the real GDP growth rate for North Dakota was 2.9% per year. Source: Bureau of Economic Analysis. In the 3rd quarter of 2023, the real GDP for North Dakota was $71.5 billion in goods and services per year.
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