Is it safe to assume that 800 million has been collected by the state in taxes since the boom began? Would this not be money that IF not for the companies and people doing this work and SPENDING for the essentials of existing the demand and MORE employment would not be there? I have been to North Dakota and I really enjoyed the visit, alot of very , very nice people . So the 800 million is (I hope) taxes collected because of the oil and the things needed to obtain it..sales tax etc.... with all of this work available and then construction ...medical....everything we do to make life nice will put even MORE money into the states general fund would it not ?...am I mistaken ?
ND has a rainy day type fund off a revenue of oil but can’t touch it until 2017..
Multiples of that, actually.
ND oil tax revenue is currently running at 3.75 billion per year and climbing.
“North Dakota oil tax gusher continues”
http://bismarcktribune.com/bakken/north-dakota-oil-tax-gusher-continues/article_e47dbc40-4020-11e4-a0cf-bbd0b7657a73.html