Tag Archives: legacy fund

Gov. Doug Burgum dishes out high-fives during his visit with Fargo Lincoln Elementary fourth grade students on Tuesday, April 24, 2018. David Samson / The Forum

Governor Burgum Is Right to Continue Calling Out Legislature Over Revenue Transparency

Governor Burgum Is Right to Continue Calling Out Legislature Over Revenue Transparency

We see debates over spending in politics all the time. How much should we spend? Where should we spend it? It’s about 90 percent of what our government does. More rare are debates over how the government accounts for its revenues, yet that’s a topic Governor Doug Burgum dug into this legislative session (I’m sorry,

Don’t Spend the Legacy Fund (Unless You Spend It in My Back Yard)

I’ve long argued that the pot of billions of taxpayer dollars we call the Legacy Fund represents a moral hazard. Which is to say that it’s a pile of money created for no defined purpose that will now but the subject of much hypocritical political wrangling. For some insight into what I’m talking about, witness

State Rep. Craig Headland Bismarck Tribune photo

Let’s Use the Legacy Fund to Lower Taxes, Not Just Grow Government

As the legislative session in Bismarck nears its end, some lawmakers have brought back the idea of using Legacy Fund earnings – earnings, mind you, not the principal – to buy down and perhaps eventually replace state income taxes. The bill – HB1530, introduced by Rep. Craig Headland (R-Montpelier) and defeated earlier this session but

Plain Talk: If We’re Concerned About Road Safety in North Dakota Why Are We Letting Driver’s Education Programs Go Extinct?

On this episode of Plain Talk Jim Keller, a high school math teacher and driver’s education instructor from Elgin, talks about the demise of driver’s education programs in our schools. He says there’s just a half dozen or so school-based driver’s education programs left in the state thanks to budget cuts. A bill to add

Plain Talk: Is the Legacy Fund at Risk From Initiated Measures? and Some Thoughts on the Demise of the Sunday Close Law

Lawmakers in Bismarck are debating reforms, but as the law stands now North Dakota’s initiated measure process is wide open. Interests with a lot of money can pay to have their signatures collected, pay for a slick marketing campaign, and change the state’s laws. Even our state’s constitution. With billions of uncommitted dollars sitting in

Plain Talk: Congressman Armstrong Takes Listener Questions, House Passes Bill to Eliminate Income Taxes With Legacy Fund

On this episode of Plain Talk, yesterday the state House passed a bill to eliminate North Dakota’s income taxes using Legacy Fund earnings. Is it a good idea or bad? Democrats are claiming the bill will make the state more dependent on oil taxes, but is that true? Also, Congressman Kelly Armstrong answers listener questions

State Rep. Craig Headland Mike McCleary / Bismarck Tribune

House Passes Bill to Use Legacy Fund to Replace the Income Tax, Democrats Incorrectly Say It Will Make State More Reliant on Oil Taxes

Not so long ago I interviewed Rep. Craig Headland for Plain Talk about his bill to use Legacy Fund earnings to replace the personal and corporate income taxes. Here’s the audio: The bill, HB1530, would transfer Legacy Fund earnings into an income tax reduction fund. Over time that fund would be used to replace income

Plain Talk: Lawmaker Makes the Case for Using Legacy Fund to Abolish North Dakota’s Income Tax

State Rep. Craig Headland, a Republican from Montpelier and Chairman of the House Committee on Finance and Taxation, has introduced legislation to use earnings from North Dakota’s multi-billion dollar Legacy Fund to eliminate the income tax. Both the personal and corporate taxes would be eliminated under his plan. Also Dr. Joanne Luger, a Bismarck-based Dentist,

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