Tag Archives: Taxes

2015-09-23 (1)

Ugly: North Dakota General Fund Revenues Under Forecast By Almost 4 Percent

Ugly: North Dakota General Fund Revenues Under Forecast By Almost 4 Percent

The image above is the most recent revenue report for North Dakota’s general fund. A lawmaker sent me a photo of it (OMB hasn’t posted it on their website yet) this morning with a one-word comment. “Ugly.” No kidding. Especially in the area of the sales tax, which makes up the bulk of general fund


Governor Jack Dalrymple Exaggerates Tax Relief By Nearly 70 Percent

Another legislative session has come and gone, and once again Governor Jack Dalrymple is touting tax relief which isn’t really tax relief. Governor Jack Dalrymple “has signed into law an additional $397 million in property tax relief,” his press office sent out last week. But there’s a problem with that number. The bulk of it


For The First Time In Years North Dakota Has A Gloomy Economic Outlook

The federal Energy Information Administration is tracking the impact of falling oil prices on state revenues, and for North Dakota they see a more than 20 percent decline since August. “North Dakota’s tax revenue from oil and natural gas production decreased from $323 million in August 2014 to $254 million in January 2015, a 21%

Cigarettes can be seen in a tobacco shop in New York

LaFaive And Nesbit: Raising ND Tobacco Tax Could Lead To Rampant Smuggling

Michael LaFaive is director of the Morey Fiscal Policy Initiative for the Mackinac Center for Public Policy. Todd Nesbit, Ph.D., is senior lecturer in economics at Ohio State University. Two proposals to hike the state excise tax on cigarettes in Bismarck between $1.10 and $1.56 may very well yield the state more revenue, but it will


Will Raising North Dakota’s Tobacco Tax Decrease Use, Or Increase Smuggling?

“North Dakota needs to do everything it can to prevent more people from smoking and to encourage smokers to quit,” opines the Bismarck Tribune in an editorial today which is generally supportive of legislation to increase the state’s tobacco taxes. One might quibble with the idea that government ought to be using the tax code to manipulate people

oil pump silhouette

Here’s The Ugly Truth For North Dakota About Oil Prices: Nobody Really Knows

“It’s a big, black cloud hanging over the session,” Senator Dwight Cook, a Republican from Mandan and chairman of the Senate Finance and Taxation Committee, said of oil prices recently as North Dakota’s 2015 legislative session begins. He’s not kidding. State policymakers are staring down the barrel of not one but two oil tax triggers