North Dakota budget includes tax cuts, public works spendingBISMARCK, N.D. (AP) — North Dakota Gov. Jack Dalrymple is recommending a $12.8 billion, two-year budget to the Legislature.
BISMARCK, N.D. (AP) — North Dakota Gov. Jack Dalrymple is recommending a $12.8 billion, two-year budget to the Legislature.
The governor delivered his budget message Wednesday to a joint session of the North Dakota Legislature. It lasted just under an hour.
Dalrymple's blueprint includes big spending increases for public works, local schools and North Dakota's university system.
It provides slight income tax reductions for corporations and individuals.
It gives western North Dakota's oil-producing counties a greater share of state tax revenues. It sets aside chunks of oil tax money for renewable energy and conservation projects.
Dalrymple wants the Legislature to double the current state subsidy for local property taxes to $714 million.
If the idea is approved, Dalrymple says school property taxes will be one-third of what they were more than five years ago.