“Today’s revenue outlook continues to predict significant growth from this biennium to the next in all major revenue categories, including sales tax and income taxes, which speaks to our state’s robust economy,” Burgum said. “This supports our ability to provide permanent income tax relief and invest significantly in workforce, child care, infrastructure and other priorities to better serve North Dakotans and make our state more attractive when competing with other states for capital and talent.”
“This bill creates a fair and uniform framework for taxing alcohol on reservations while ensuring that the bulk of the revenue goes to the tribes to support addiction treatment and other programs,” Burgum said. “We are grateful for the collaboration with Chairman Fox, Tax Commissioner Kroshus, Sens. Patten and Kannianen, Rep. Headland, and everyone else who worked to bring this across the finish line. This is another example of why tribal engagement is one of our five strategic initiatives, because by building relationships based on understanding and mutual respect, we can address longstanding challenges and reach solutions that benefit all North Dakota citizens.”
“Community financial institutions have a relationship-based business model. With local leadership and a commitment to their customers and communities they serve, these institutions are well-equipped to continue providing financial services to North Dakota citizens. This is in direct contrast to the business model of the recently collapsed banks,” Kruse said in the wake of the failures of California-based Silicon Valley Bank and New York-based Signature Bank.
