North Dakota: The Perfect State? (unemployment rate, Minnesota, economy, money)
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While many states are confronting severe budget shortfalls and dragging economies, North Dakota has a different sort of problem. It's stuck deciding how best to deal with a budget surplus. Yes, a surplus. North Dakota's balance sheet is so strong it recently reduced individual income taxes and property taxes by a combined $400 million, and is debating further cuts.
North Dakota is a pleasant state, and probably a more interesting one than a lot of people realize. The landscape is more varied than people expect.
All the same, there isn't much population there. Many of the rural areas are still depopulating, and while Fargo is fine, when people visit "the big city," they usually mean Minneapolis (or even Winnipeg in Manitoba).
I wonder if many of our urban or suburban members really understand what you said. The link said that leading the nation in the production of durum wheat is also very important there. Yep, wheat and oil. Also, they have a problem with money because they charge a large amount of severance tax and oil is what most of it gets paid on.
Some year in the last 5 years North Dakota surpassed Kansas in production of the kind of wheat that millers say is the best in Kansas. Yep, the price of wheat these days doesn't hurt them.
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