TAX RELIEF

North Dakota Voter Approved Legacy Fund Reaches $10.5 Billion

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….

Gov. Burgum Signs Income Tax Relief Bill For North Dakota

BISMARCK, N.D. (KVRR) — Income tax relief is coming for roughly half a million North Dakotans. Gov. Doug Burgum signs legislation to provide an estimated $211 million in income tax relief over the next two years. The legislation will eliminate the state income tax bill for around 300,000 people and provide partial relief to another 200,000 taxpayers. The relief is…

MN Legislature Passes $46 Billion Dollar Budget

The Legislature approved the budget just before 3 a.m. Friday.

Minnesota State CapitolST. PAUL, MN – Minnesota’s lawmakers have passed a $46 billion budget after three extra days in session, several sleepless nights and some horse-trading. The Legislature approved the budget just before 3 a.m. Friday. House Speaker Kurt Daudt says, ”there’s no question that it was a grind.” The broad budget agreement would put $650 million toward tax relief,…

Governor Dayton Threatening Vetoes Over Possible Stalled Talks with Republican Leaders

Republicans are already taking steps to send their preferred budget bills to the governor rather than continue talks

  ST. PAUL, Minn. — Gov. Dayton is criticizing Republican legislative leaders for moving forward on several budget bills without reaching an agreement. The governor and caucus leaders had been meeting over the past week to resolve differences over how to spend a $1.65 billion budget surplus. But, Republicans are already taking steps to send their preferred budget bills to…