In a letter to the editor, Pam Sharp and Rod Backman of Bismarck, N.D. discuss the potential consequences of Measure 4, which aims to eliminate property tax in North Dakota. While they acknowledge that many North Dakotans would like to see property tax eliminated, the authors argue that supporters of the measure have not adequately addressed what taxes will replace it. They point out that the state’s General Fund budget would be greatly impacted by the $3.15 billion loss in revenue, as a large portion of that budget goes towards education and human services.
Sharp and Backman also express concern about the state’s ability to sustain such a loss in revenue, despite supporters claiming that rainy-day funds could cover the shortfall. They predict that if Measure 4 passes, North Dakotans can expect to see increases in other taxes at the state and local level, which may be viewed as unfair. They conclude that while out-of-state property owners may benefit from the elimination of property tax, the residents of North Dakota will ultimately bear the burden of new taxes. The authors label Measure 4 as unrealistic and unworkable, warning that the new taxes and unintended consequences will not be favorable.
As the debate over Measure 4 continues, it is clear that there are concerns about the potential impacts of eliminating property tax in North Dakota. Supporters and opponents of the measure will need to carefully consider the financial implications and potential consequences of this proposed change.
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