The radio conversation will focus on the idea of more tax cuts in the near future. I give a little budget background to help frame the discussion.
The big contributors to total taxables sales and purchases in the state are not a surprise. Which counties grew fast and who among the large counties performed well in the last year is a bit of a surprise.
I give an updated look at the forecast for sales tax collections in Grand Forks. There are statistical issues with the forecast but corrections are in the works.
So I am quoted in this story from the Grand Forks Herald about tax policy changes and employment changes in the state of North Dakota(Link). I thought I would extend my thoughts here. Of all the policies to attempt to heap credit upon for employment gains in the state the tax changes seem to me the least likely. What is more likely?Continue reading Employment Gains in ND
The big month is finally here! We now have a month with sales tax numbers reflecting the increased sales tax rate for the Grand Forks. We are all so happy that we could… Alright, enough of that. The results are somewhat to be expected. From the May 2018 total June was down over $200,000. Costs go up with the sales tax increase and people and businesses adjust if they are able. The more problematic part really is that June 2018 is down almost 1% fro June 2017, more than $120,000. These are not outcomes we particularly like even though they are somewhat predictable.