The new size are defeated with % away from voters against the measure. It might has got rid of assets fees and will have requisite this new condition legislature to displace local governments’ property income tax cash with county tax revenue.
The latest measure try supported by a group titled Empower the new Taxpayer shaped by the Minot, Northern Dakota resident Robert Hale. Hale told you he modeled brand new measure into an excellent 2009 legislative proposal from Condition Associate. Dan Ruby (R-38) to cease assets fees once the a way to obtain condition money.
The newest level is actually opposed from the Ensure that it stays Local ND, the state Chamber of Trade, the brand new Northern Dakota Group of Places, Association out of Realtors, AFL-CIO, Connection off Counties, this new Farmer’s Connection, additionally the Oil Council.
Ballot label
Blog post X of your Northern Dakota Structure. It might prohibit governmental subdivisions out-of levying one tax on the assessed property value real otherwise personal property, apart from brand new payment away from fused indebtedness incurred as a consequence of a particular date, and would require the state to incorporate replacement for money to governmental subdivisions out of at the very least the present day real estate income tax levies. It could reduce loans off a governmental subdivision so you’re able to an enthusiastic amount never to meet or exceed a couple of plus one-1 / 2 of % of one’s full and you may true property value the real assets on political subdivision; although not, from the a vote, an integrated area could raise the indebtedness in order to four % and you will a college section you are going to boost their indebtedness so you’re able to five %. It can make it an integrated area to be in financial trouble into the an enthusiastic amount maybe not availableloan.net/personal-loans-wi/montreal/ surpassing a few per cent of the full and you can true worth getting liquids and you may sewer programs. It can want a governmental subdivision running into indebtedness to maintain annual profits to blow the debt money when owed and you will perform exclude a political subdivision off providing general obligation securities covered having income tax levied to your analyzed worth of property.
The projected fiscal feeling from the size is actually $step three.fifteen billion boost in biennial expenses to the county beginning in the newest 2025-2027 biennium.
Constitutional alter
The measure would amend sections 1, 14, 15, and 16 and repeal sections 4, 5, 7, 9, and 10 of Article X of the North Dakota Constitution. The following underlined text would be added and struck-owing to text would be deleted:
Section 1. 1. The Except because the provided in the subsection dos, the legislative assembly and all governmental subdivisions might not boost shall be prohibited from raising revenue to defray the expenses of the state through the levying of a any tax on the assessed value of real or personal property. 2. A governmental subdivision could possibly get continue to levy taxation on the assessed value of real estate in case the taxation are dedicated into payment out of bonded indebtedness incurred through to the avoid of the 30-day several months after the big date which amendment was authorized by the voters, up until such as for example financial obligation are paid back. 3. The official shall bring annual assets taxation money replacement for costs so you’re able to governmental subdivisions into the an amount equivalent to at the least new level of income tax levied for the property by the governmental subdivisions, leaving out income tax levied with the property into commission away from fused indebtedness, for the calendar year where it modification was passed by the new voters.
Point 14. step one. Regardless of every other supply throughout the composition, and also for the reason for generating the economic development of the state, the development of their absolute information, and also the prosperity and you may passion of the anyone, the official could possibly get thing ties and rehearse the fresh new proceeds thereof from the newest bonds and come up with finance to help you myself or cooperatively possessed organizations in order to bundle, build, to get, equip, improve, and extend facilities to have transforming natural tips to your strength and you may producing and you will sending like electricity, and also to and acquire actual and private property and drinking water and you can nutrient legal rights needed for such facilities.