I look at the North Dakota total tax revenues over the 24 month biennium window for the current and past nine biennia. There are some seasonal patterns that come to light as well as some exceptional months for certain biennia (outliers?). I look at the accumulated total revenues over the biennia as well to look at the path of biennial fiscal revenues.
There is naturally a great deal of interest in the situation of the labor market and the Fed funds rate so I thought to look at some ND labor market measures and the funds rate.
The week ahead is pretty busy but busy is good. First week of classes is always exciting for me so that is a plus. Presentation on rare earth elements and price fluctuation impacts on business models and industry structure. The big event for me is at the end of the week with a presentation on North Dakota economic conditions for the Minneapolis Fed Regional Economic Conditions Conference.
Continue reading The week ahead…
Oil is still a key industry in North Dakota but recent output and price movements are not necessarily moving in ways we might expect. The recent global changes from OPEC still might not impact the industry going forward.
The legislative session will discuss many policy changes. Governor Burgum suggested a change in the ND individual income tax. I provide a look at data from about the last 20 years in this post.