Oil boom: Proposal could complicate ambitious budget - Dickinson Press

Now, two years later, the oil and gas industry will be asking legislators to revamp the oil extraction tax, an important source of funding for water projects and education.

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The proposal, backed by the North Dakota Petroleum Council, is billed as a way to simplify and stabilize the tax — but officials warn that it also likely would reduce tax collections. That could complicate Gov. Jack Dalrymple’s ambitious budget proposals for 2011-13, which include setting aside $958 billion for Oil Patch infrastructure improvements, among other big ticket items.

Oil boom: Proposal could complicate ambitious budget - Dickinson Press