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Where Is the Money in North Dakota? - Valley News Live - KVLY/KXJB - Fargo/Grand Forks

Where Is the Money in North Dakota?

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  • Where Is the Money in North Dakota?More>>

  • Where Is the Money? - 6:30 POV

    Where Is the Money? - 6:30 POV

    Tuesday on 6:30 Point of ViewBaken.Com CEO, Mike Marcil sat down with Chris Berg and discussed where all the money is going in North Dakota from oil revenue and state taxes. Marcil and a research team
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  • ND Governor Discusses Possibility of a Zero-Tax State

    ND Governor Discusses Possibility of a Zero-Tax State

    Tuesday night on 6:30 Point of View on KX4, North Dakota governor Jack Dalrymple joined host Chris Berg and CEO of Bakken.com Mike Marcil to discuss the possibility of making North Dakota the first zero-tax
    Tuesday night on 6:30 Point of View on KX4, North Dakota governor Jack Dalrymple joined host Chris Berg and CEO of Bakken.com Mike Marcil to discuss the possibility of making North Dakota the first zero-tax

Tuesday night (Nov. 18) on 6:30 Point of View brought you the latest installment in a series we're calling Where is the Money?, with Bakken.com CEO Mike Marcil and North Dakota governor Jack Dalrymple joining host Chris Berg to discuss the possibility of making North Dakota the first zero-tax state in the nation.

During the previous segment, Berg and Marcil talked about North Dakota's newfound wealth -- a total of 20 billion dollars spread amongst numerous state accounts. You can find a link to this show to the right of this story.

In Tuesday's show, Berg asked the Governor if he thought it possible that North Dakota could become the first no-tax state in the nation and inquired about his long-term goals for the state's money. Governor Dalrymple responded, in part, that he believes we should continue to give the people of North Dakota more tax relief, though he would not commit to how much specifically. Dalrymple also suggested the state government might be willing to reevaluate the funding formulas of some trust and savings accounts in order to free up more money for the people of North Dakota.

Below are some excerpts of the conversation that occurred on Tuesday's show. You can watch the discussion in its entirety by clicking the video above.

Mike Marcil: "The North Dakota border is forever. There is a fairness doctrine in North Dakota. Most North Dakotans [...] believe -- and me included... we have to contribute something."

Chris Berg: "Wait a second. Let's be honest. Look at the renaissance zone: so many tax-exempt pieces of property. If that person doesn't pay taxes, guess who is picking up the tab? Me and you."

Marcil: "It's a fair argument. The property taxes issue is a local issue; the taxes are done at a local level. The state, because of inflated property values, have gotten into that game. In 2002 when I started investing in western North Dakota... Do you realize this? Every year when I got my property tax bill, it went down."

Berg: "You are one of a few."

Marcil: "No. 2002, 2003, 2004... There was a period in North Dakota where we had declining values, and every year I would have less in the property taxes. But here was the problem: my property values were  going down in value. One of the things we have to understand -- and I'm not saying on the show with you today -- what we've seen in the last three to four years in western North Dakota, specifically the inflation and property values, is over. It's over. Here's my prediction, and it's going to shock everybody: we'll see a massive slowdown. We overbuilt in western North Dakota. You'll see in the next couple years a saturation of housing [...] in the investment side [and] a stabilization in values. Now, what does that mean for the average taxpayer? When they get their bill this year, the bill will be even or less."


6:30 Point of View is an interactive and controversial opinion-oriented talk show on KXJB (Channel 4) in the Red River Valley of North Dakota and Minnesota.

Viewers are encouraged to share their point of view on what they think should be done by email [630POV@valleynewslive.com] or by texting or leaving a voicemail on the POV Hotline: 701-369-3187

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