OIL TAX REVENUE

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Local News, North Dakota News, Politics / Elections

North Dakota sees uptick in oil wells that qualify for tax exemption

KVRR Staff,

Oil well pump jacks operate near Killdeer, North Dakota on Feb. 1, 2024. (Jeff Beach/North Dakota Monitor)BISMARCK, N.D. (North Dakota Monitor) — Nearly half of North Dakota oil wells now qualify for a tax exemption as low-producing wells, contributing to a reduction in tax revenue projections for the upcoming budget cycle. But even if technology advancements lead to higher oil…
Local News, North Dakota News, Politics / Elections

North Dakota Voter Approved Legacy Fund Reaches $10.5 Billion

KVRR Staff,

BISMARCK, N.D. (North Dakota Monitor) – North Dakota’s Legacy Fund is now worth more than $10 billion.It was valued at approximately $10.55 billion as of the end of March, according to a Wednesday announcement from the Retirement and Investment Office, which administers the fund. The Legacy Fund was created through a constitutional amendment approved by North Dakota voters in 2010….