There is like $3 Billion in the Legacy fund. Some day we will use it or the earnings from it.Originally Posted by reformedUNDfan
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Bisonville Hall of Fame
Re: More legislative shenanigans by Al Carlson
There is like $3 Billion in the Legacy fund. Some day we will use it or the earnings from it.
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Senior DC Correspondent
Bisonville Hall of Fame
Re: More legislative shenanigans by Al Carlson
$4.3 billion.
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Bisonville Hall of Fame
Re: More legislative shenanigans by Al Carlson
They are a bunch of damn fools.
Oil got bad, it's better, but likely at its new norm. Ag can get a whole lot worse.
If they had left income taxes where they were, stayed the hell out of local property taxes, eliminated the trigger, and pulled ~ 10% of the legacy things would be hunky dory.
Instead, they have made cuts that likely will never balance out with expenditures and 2019 could be absolute hell for some parts of the state.
I look forward to saying I told you so to my coworkers who thought I was an anti-education ass for being against West Fargo's new swimming pool and hockey arena. We are now going to have to pick up that $45 million tab ourselves and hopefully build two more elementary schools and possibly a third middle school and high school ($120 million). Thank god the metro economy is still doing well or it could be a flipping death spiral.
Many thousands are in want of common necessaries; hundreds of thousands are in want of common comforts, sir."
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Scrooge-"And the Union workhouses." . "Are they still in operation?". "Both very busy, sir..."
"Those who are badly off must go there."
"Many can't go there; and many would rather die."
Scrooge- "If they would rather die," "they had better do it, and decrease the surplus population."
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Has at least one Bison tattoo
Re: More legislative shenanigans by Al Carlson
Nothing to show for it? You should see the bank accounts of some of my relatives!
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Senior Member
Gets their mail at the West Parking Lot
Re: More legislative shenanigans by Al Carlson
Seems to be working well for Venezuela.
My Mom yells louder than your Mom.
Senior Member
Bisonville Hall of Fame
Re: More legislative shenanigans by Al Carlson
Well... we greatly expanded small towns that are now ghost towns and still have to maintain the roads. We got a huge population boost of many losers who commit crimes. We got a state budget that is way bigger than it was before. We got funding cut from universities because of over spending in other areas. We got got mega pollution.
Of course many Beverly Hillbilly millionaires were made so that's a good deal.
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Senior Member
Bisonville Hall of Fame
Re: More legislative shenanigans by Al Carlson
Need a little help here. Tried Googling this but was unsuccessful.................
Who was the brilliant legislator that said (a few years ago) (paraphrased) How much money do we really need?
IIRC, this was the moment in North Dakota's recent history when the oil extraction tax was reduced.
Way to be a visionary dude..........whoever you are.
Senior Member
Gets their mail at the West Parking Lot
Re: More legislative shenanigans by Al Carlson
that'll balance the state books
Senior Member
Gets their mail at the West Parking Lot
Re: More legislative shenanigans by Al Carlson
That was Al Carlson. He said it on Gap Tooth Boy's show, but here is McFeely's analysis. https://www.youtube.com/watch?v=6_LJgyoXQmg
Senior Member
Gets their mail at the West Parking Lot
Re: More legislative shenanigans by Al Carlson
thats not exactly venezula's problem, and our case is nothing like theirs in any case.
What we should have done was setup a state sanctioned oil producers coop. Woulda made more money, retained the profits, and left us with a legacy of North Dakota owned capital infrastructure. Instead we own nothing but a minor cut of the profits
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