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28-10-2024, 01:10 PM
Updated 11:50 AM GMT+8, October 27, 2024
BISMARCK, N.D. (AP) — North Dakota voters this fall could largely end property taxes by approving a ballot measure that opponents say would drastically slash a variety of state services
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If passed, the constitutional initiative would eliminate property taxes based on assessed value and require the Republican-controlled Legislature to replace the lost revenue. A top legislative panel estimated that total cost to be US$3.15 billion every two years — a huge number for a state that passed a US$6.1 billion, two-year general fund budget in 2023.
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Money for Medicaid expansion, hospitals, nursing homes and education programs could all be on the chopping block
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Money for infrastructure projects would also be at risk
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The Legislature also may have to cut state agencies’ budgets and employees
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Measure leader Rick Becker countered that ...... the Legislature could use earnings from the state’s US$11 billion oil tax savings as well as millions of dollars he said go to “corporate welfare” for private corporations and special interest groups. The state also has better-than-forecasted revenues coming in, he said.
“We are such a rich state per capita that we can actually make this conversion and be able to afford it without increasing taxes and without cutting services,” said Becker, a former Republican state representative.
More than 100 organizations encompassing agricultural, energy, education, health care and other groups formed the Keep It Local coalition to oppose the measure.
https://apnews.com/article/north-dakota-...ceab7865d6
BISMARCK, N.D. (AP) — North Dakota voters this fall could largely end property taxes by approving a ballot measure that opponents say would drastically slash a variety of state services
......
If passed, the constitutional initiative would eliminate property taxes based on assessed value and require the Republican-controlled Legislature to replace the lost revenue. A top legislative panel estimated that total cost to be US$3.15 billion every two years — a huge number for a state that passed a US$6.1 billion, two-year general fund budget in 2023.
.......
Money for Medicaid expansion, hospitals, nursing homes and education programs could all be on the chopping block
......
Money for infrastructure projects would also be at risk
......
The Legislature also may have to cut state agencies’ budgets and employees
......
Measure leader Rick Becker countered that ...... the Legislature could use earnings from the state’s US$11 billion oil tax savings as well as millions of dollars he said go to “corporate welfare” for private corporations and special interest groups. The state also has better-than-forecasted revenues coming in, he said.
“We are such a rich state per capita that we can actually make this conversion and be able to afford it without increasing taxes and without cutting services,” said Becker, a former Republican state representative.
More than 100 organizations encompassing agricultural, energy, education, health care and other groups formed the Keep It Local coalition to oppose the measure.
https://apnews.com/article/north-dakota-...ceab7865d6
