Burgum unveils Accelerate ND plan with strategic investment of federal funds, tax relief for citizens
30 Sep 2021
BISMARCK, N.D. – Gov. Doug Burgum today unveiled his “Accelerate ND” plan containing his executive recommendations to the state Legislature for strategically investing federal funds from the American Rescue Plan Act (ARPA). As part of the plan, the governor also proposed using a portion of the state’s near-record ending fund balance from the 2019-21 budget to provide an estimated $207 million of income tax relief over two years, support economic development and provide long-term cost savings to North Dakota taxpayers, all without raising taxes.
Burgum announced the plan with Lt. Gov. Brent Sanford and State Budget Director Joe Morrissette during a press conference at the State Capitol.
“With the Accelerate ND plan, we have an unprecedented opportunity to move North Dakota forward right now by making one-time investments that will grow and diversify our economy, make our state more competitive, improve the efficiency of government services, provide tax relief and create long-term cost savings for the citizens of North Dakota,” Burgum said. “Thanks to our conservative fiscal management, we can accomplish these goals without growing government and provide a high return on investment for taxpayers.”