Will it require increasing other taxes?
How can it be administered?
29,617 voting age North Dakotans signed petitions to place Initiated Constitutional Measure No. 2 on the June 12, 2012 Primary Election ballot. Measure No. 2 eliminates property taxes and requires replacement of the lost revenues with other state revenue sources, without restrictions on how the revenues may be spent by local political subdivisions.
If we act now to leave $857,012,658 Million in the pockets of North Dakota individuals and businesses on February 15, 2013 and $970 Million in the pockets of North Dakotans on February 15, 2014, the likely rapid diversification of our economy and associated economic benefits to North Dakota residents will be unparalleled! And as the years go by, all areas of our great state are likely to prosper, not just agriculture, oil and their support sectors. We can look forward to a future economy that is diverse enough to weather almost any “economic storm” placed before us; and hopefully without the taxpayer supported “economic development” schemes that “pick winners and losers”!
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