The Bottom Line

Oil Tax Windfall Breaks $100 million for 2007-09 Biennium

According to the Office of Management of Budget, $71 million from oil taxes were deposited in the General fund by December 2007, since then, over $100 million has been deposited into the permanent oil trust fund.

If oil prices continue to exceed $100 barrel, the oil trust fund will be on pace to have a balance of nearly $700 million including the $136 million that was left in the trust fund last legislative session.

This is an absolutely huge amount of money that can be saved for future generations with the passage of Constitutional Measure #1 in November's General Election.

The free-market grassroots group Americans for Prosperity (AFP) today announced it has granted an unpaid leave of absence, effective immediately, to Duane Sand, the director of the group's North Dakota state chapter. Sand requested the unpaid leave of absence in order to campaign for elected office.

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