This is an Advertisement (learn more about our advertising)
contact | about | kxnet.com
HOME | NEWS | GOVERNMENT | 2008 Results | MAPS | ISSUES | POLLS | TALK FORUMS
.
Top Talk Forums
  • Fiscal responsibility~no fun - 554 views, 26 comments
  • 18005260276 - 468 views, 8 comments
  • Ban Bottle Rockets?? - 4562 views, 37 comments
  • America's most underrated company - 81 views, 8 comments
  • Dumps fullz ccv logz mailer and tools - 33 views, 0 comments
  • Another False Ending: Contracting Out the Iraq Occupation - 26 views, 0 comments
  • The (Anti-War) Surge Did Work - 25 views, 0 comments
  • Hawkings changes mind...creation needs no creator - 46 views, 1 comments
  • Breaking: Oil Rig Explodes In Gulf of Mexico - 119 views, 8 comments
  • Arizona prefers amnesty - 279 views, 28 comments


    • DakotaPolitics.com Blogs and Opinion

    date syndicated: May 13 2008 10:08AM

    Press Release:

    Bismarck, ND – State Treasurer Kelly Schmidt announced today that the State Treasury currently has a record balance of $1 billion.     

     

    "The current balance is a reflection of the strong economic growth that North Dakota is currently experiencing,” Schmidt said. “My role as treasurer is to take advantage of our state's strong fiscal position and invest these dollars to maximize our returns."

     

    The investments recently purchased total $168 million and will be invested for just over 200 days. This will generate in excess of $1.3 million in interest income for the State of North Dakota’s Treasury. This biennium, interest to the general fund is more than $16.5 million which is a $10 million increase from the same period last biennium. 

     

    "This is good news for the citizens of North Dakota ," Schmidt said. "By effectively investing our general fund dollars, we strengthen our overall financial position and ensure that the state has the necessary resources to provide needed services to its citizens," Schmidt added.

     

    Effective cash management and the implementation of BidND have contributed to the increase in interest income. BidND is an investment program developed by Schmidt. Through a bid process, certificates of deposit are purchased from North Dakota community financial institutions which lend these dollars back into their communities, fostering economic growth. 

     

    ###-

     

    This post is a syndicated blog post from DakotaPolitics.com Site Blog. To Read the full post and provide comments please visit the DakotaPolitics.com Site Blog blog directly.

    PRESS RELEASES

    Campaigns, Candidates and Organizations - Send your press-releases to press@dakotapolitics.com

    sign in

    email
    password
    Not registered? - learn more!
    Your County: {sign in}
    Your City: {sign in}
    Your District: {sign in}
    {sign in to see these settings}

    User Poll

    Job Approval Rating: Rep. Earl Pomeroy
    choose one...
    Approve
    Disapprove
    Not Sure

    Search

    main search | ND Campaign Finance Search
    This is an Advertisement (learn more about our advertising)
    Part of the KXNet.com North Dakota News Network
    Bismarck, ND News | Minot, ND News | Dickinson, ND News | Williston, ND News

    North Dakota Sports | Dickinson Sports | Bismarck Sports | Minot Sports | Williston Sports


    DakotaPolitics.com is part of the Midkota Media Network

    Free Classified Ads
    Bismarck Classifieds | Minot Classifieds | Williston Classifieds | Dickinson Classifieds | Jamestown Classifieds | Devils Lake Classifieds | Fargo Classifieds


    Total Outdoor Network
    North Dakota Outdoors | South Dakota Outdoors | Minnesota Outdoors | Nebraska Outdoors | Alaska Outdoors


    Fun and Entertainment
    BismanROCKS.com - Bismarck Mandan Music | BismanWeddings.com
    Designed and Programmed By Midkota Solutions