[1010RD]

Starve the beast for now, but what will their fiscal health be if oil revenues falter?

[AlmaKing]

I can guess that mill rates and property values are both going up in the boom. I can also guess that mill rates will not go down while property values do go down after the boom.

[Puckster]

“but what will their fiscal health be if oil revenues falter?”

Well, let's say ND goes the way of Wisconsin and rids itself of compulsory government union membership, which BTW:

“The state has a low rate of private-sector union
membership at 4.3 percent, and a public-sector unionization
rate of 17.4 percent.”

I think they would do very well in the long term. There aren't many who move to North Dakota that don't have something to offer, except maybe the 3 biggest cities.

If not burdened with a high maintenance citizenry, investment and development should continue, just not at a helter skelter pace, which would be good.

My opinion.

[Recon Dad]

While you have it you save it and operate in a prudent manner, plan for the future.

[redgolum]

My thought also. They will change this if oil keeps dropping.

[George from New England]

“... if oil revenues falter?”

And if we take this country back in Nov., and start domestic oil production, North Dakota will not be as well of as it is today.