Primary Residence Credit?

[johnr]

The Board of University and School Lands announced historic distributions for the 2027-2029 biennium

The Board of University and School Lands announced historic distributions to trust beneficiaries for the 2027-2029 biennium on Monday.

More than 700,000 surface acres, 2.6 million mineral acres, and 13 permanent trusts contributed an average of an extra 23% to beneficiaries for the upcoming biennium, compared to the last biennium.

The lands generate revenue through agricultural leases, mineral royalties and other uses. The Land Board and Land Trusts staff manage these assets.

The money will be distributed among 14 schools, centers and organizations.

North Dakota State University will receive more than $10.6 million in funds, and the University of North Dakota will receive $8.38 million. Dickson State University and Minot State University will both receive $494,000.

Growth factors can also be attributed to $2.4 billion in oil and gas royalties, agricultural rents, and a $9.5 billion investment portfolio. The majority of this portfolio is made up of the Common Schools Trust Fund (CSTF), which is valued at $9.3 billion.

The distribution from CSTF for the next biennium will be $722 million, and it will go towards K-12 public education. This is up 23.5% from the current biennium, which distributed $585 million.

The university system charges to attend, or has this changed? So they charge for enrollment, and get a chunk of the Land trusts?

So unusual in my brain.

 

[risingsun]

The university system charges to attend, or has this changed? So they charge for enrollment, and get a chunk of the Land trusts?

So unusual in my brain.

How else can they fly to Hawaii to play football?

 

[eyexer]

I do not believe that trust fund was set up for any secondary education funding. Why aren’t people hollering about that? Oh that’s right, nobody even knows about this trust fund or how it’s supposed to be handled and what for. The legislature doesn’t even mention its existence anymore. I was listening to heitkamp the other day by accident and he had someone on there and they were discussing school funding for two hours. And never even mentioned it. I believe the guy was a legislator. That is beyond mind boggling. I’ve had to explain to so many people about this trust that I couldn’t possibly remember em all.

 

[agriffith]

Dont know where you live, or what you residence looks like, but if my primary home real estate tax was $237 I would vote no also. But you are the extraordinary exception, not the norm in my opinion. Property taxes are just way out of line, we almost passed a constitution measure to feed kids in school where there were already handouts in place to prevent kids from starving, and it dang near passed. Rest assured it will come back again.
SO in the new socialist democratic arena we now find ourselves in, I will vote multiple times to eliminate property taxes. Might as well get my hand in the "free" bucket for once.

Colt. We live on 5 acres in a rural county. Our home is a 2006, 1800+ square foot manufactured home with a triple stall attached garage. New windows, steel siding and steel roof in 2020. Our county commissioners do a good job of keeping expenses in check. I'm just wondering if the people the most frustrated with their real estate taxes live in a larger city/county?