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Tag Archives: oil taxes

North Dakota education thrives despite oil bust

school

During the oil boom, state departments thrived off increased tax money and schools received more than enough funding. However, during the economic downturn, states that depended too heavily on oil taxes, such as Oklahoma, struggle to fund their education systems. Meanwhile, North Dakota students will see little to no change in their classrooms thanks to the high taxes paid by ...

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ND House overrides governor’s oil trust fund veto

BISMARCK, N.D. — Republican Gov. Jack Dalrymple and the GOP-led Legislature are at odds over how earnings should be budgeted from the state’s trust fund for oil taxes. The Legislature passed a measure this session that bars the governor from considering money from the fund’s principal when crafting budgets. Dalrymple vetoed the legislation but the House voted 67-23 Monday to ...

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North Dakota Legislature: What to watch this week

north dakota state gov

BISMARCK, N.D. — North Dakota’s Legislature is in its last week before its midseason break, and lawmakers are finishing up committee work and considering remaining bills in their respective chambers. Oil taxes and how that revenue should be spent will be the biggest issues debated this week as the session heads toward crossover. A Democratic house member is also pushing ...

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ND voters reject measure for conservation projects

badlands

BISMARCK, N.D. (AP) — North Dakota voters have rejected a proposed measure that would have funneled more oil taxes into water, wildlife and parks projects. The measure would direct 5 percent of the state’s oil extraction taxes into the state’s conservation fund, which is currently capped at $30 million during the state’s two-year budget cycle. Opponents have said the measure ...

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