North Dakotans reject tax cutting ballot measure

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	North Dakotans reject tax cutting ballot measure 11/11/2008 11:36 AM It isnʼt the highest-profile outcome of the recent elections, but North Dakotans overwhelmingly rejected Measure 2, which would have cut their state personal income tax by 50 percent and cut the corporate income tax by 15 percent, with an estimated two-year cost of $420 million. The Bismarck Tribune reports that about 70 percent of North Dakotans voted against the measure. In rejecting this measure, North Dakotans recognized that the oil boom that fueled their current budget surpluses was not going to last forever. They have retained the flexibility to enact better targeted changes to their tax laws and the ability to invest in the strong workforce and quality infrastructure that can build a healthy state economy into the future. - Nan Madden Posted in Budget Process,