Lawmakers as well as the new governor in North Dakota do not plan on renewing a state income tax credit that helped build hundreds of affordable housing units in North Dakota’s oil patch when it expires at the end of the year. Associated Press staffer James McPherson reports on this decision which comes during a time when the state's economy has been "lackuster."
While the program has has given $65 million in tax credits, many feel that it has simply outlived its usefulness. The former Gov. Jack Dalrymple, a proponent of the bill, did not include it in his budget and its doubtful his successor Republican Gov. Doug Burgum will include it:
Burgum campaigned on a message that North Dakota has gotten itself into a fiscal jam because of “runaway spending” that must be controlled to rebuild its treasury...It appears doubtful Burgum would support continuing the program.