Blake Ellis and Aaron Smith
June 13, 2012
Voters in North Dakota, where the economy is swelling with money from the oil boom, have voted against abolishing property taxes in the state.
More than 76% voted “no” in Tuesday’s initiative to get rid of the property tax, according to returns from the North Dakota Secretary of State.
North Dakota boasts the lowest state unemployment rate in the country and has become the nation’s second-biggest oil producer. As a result of the energy rush, government coffers are flush with revenue.
The proposal, known as Measure 2, would have amended the state’s constitution. If it had been approved, North Dakota would have been the only state without a property tax, according to the Tax Foundation, a research group that advocates for lower taxes.
This article was posted: Wednesday, June 13, 2012 at 7:10 am