I take a few different looks at the monthly additions into the Legacy Fund and see some interesting monthly breakouts.
Frequent calls and newspaper editorials make it seem like it is time to take a deeper dive on the Legacy Fund. I am not a fan of such approaches but it is here and the best thing to do is talk about how to move forward.
A caller to my last radio appearance did not understand my issue with the North Dakota Legacy. For readers unfamiliar, this fund takes thirty percent of collections from oil and gas taxes and has some limitations on its use as far as spending purposes, such as no more than 15 percent of principal expended during a biennium and so on.