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North Dakota

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RandySF

(71,564 posts)
Sun Oct 27, 2024, 04:13 PM Oct 2024

North Dakota voters may end most property taxes. Government programs could face huge cuts [View all]

North Dakota voters this fall could largely end property taxes by approving a ballot measure that opponents say would drastically slash a variety of state services but supporters argue would provide long-sought relief the state can afford.

If passed, the constitutional initiative would eliminate property taxes based on assessed value and require the Republican-controlled Legislature to replace the lost revenue. A top legislative panel estimated that total cost to be $3.15 billion every two years — a huge number for a state that passed a $6.1 billion, two-year general fund budget in 2023.

Opponents wonder what government services and initiatives would be cut to cover the replacement revenue.

“It would be absolute chaos for the Legislature and for the appropriations process, something that we've never done before," said longtime state Rep. Mike Nathe, a Republican on the House’s budget-writing panel. "We'll be walking blind, that's for sure, as far as how to go about doing this.”






https://www.mprnews.org/story/2024/10/27/north-dakota-voters-may-end-most-property-taxes-government-programs-could-face-huge-cuts

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