Tag Archives: legacy fund

“The Pioneer Family” stands in front of the North Dakota State Capitol on July 14, 2016, in Bismarck. Michael Vosburg / Forum Photo Editor

There’s Nothing “Reckless” About Using the Legacy Fund to Lower and Eliminate Income Taxes

There’s Nothing “Reckless” About Using the Legacy Fund to Lower and Eliminate Income Taxes

“Don’t give away Legacy earnings,” reads the headline over Mike Jacobs’ most recent column in which he warns that North Dakota’s multi-billion dollar Legacy Fund ought not be used to reduce tax burdens. “One of the reckless ideas that’s been bandied about is to eliminate the state income tax. This has proven to be a

Rep. Craig Headland, R-Montpelier Mike McCleary / Bismarck Tribune

Using the Legacy Fund to Eliminate Income Taxes Would Not Make North Dakota Like Alaska

During the last legislative session there was a bill, passed by the state House by a wide margin but shot down by the Senate, which would have used revenues from the state’s Legacy Fund to reduce and eventually eliminate state income taxes. I interviewed the sponsor, state Rep. Craig Headland (R-Montpelier), about the legislation earlier

Print Column: It Won’t Be a Sexy Ballot Measure, but It Will Be an Important One

MINOT, N.D. — A coalition of interests met in Bismarck recently to discuss a ballot measure — a proposed amendment to the state constitution — which would invest Legacy Fund dollars into an infrastructure loan program for the state. I’m sure many of you read that sentence and promptly fell asleep, because the nuances of policy behind

Senator David Hogue (R-Minot) Tom Stromme / Bismarck Tribune

Groups Discussing an Initiated Measure to Create a Legacy Fund Loan Program for Infrastructure

During their regular session earlier this year state lawmakers defeated a proposal, introduced by Senator David Hogue (R-Minot), which would have invested Legacy Fund dollars into an infrastructure loan program for local governments. The benefit would have been cheaper, faster financing for infrastructure projects, which saves tax dollars, but the Legacy Fund would have still

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

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

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