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Message: <blockquote data-quote="Petras" data-source="post: 425169" data-attributes="member: 216">Sorry I don't have time to read all of the informative posts, but the ones I have read seem to be exhibiting a major fear of the east cost taking all of the states money... Am I not reading and interpreting the bill correctly?  This comes directly from the Petition Title.... " It would prohibit political subdivisions from levying any tax on real or personal property except for the payment of bonded indebtedness incurred before the end of the thirty-day period following the date this amendment was approved by the voters, until such debt is paid, and would require the state to provide replacement payments to political subdivisions of no less than the amount of tax levied on real property during the 2024 calendar year."  My understanding is that the state would be required to dole out moneys equivelent to that given out in 2024 going forward... Anything above and beyond that, the local political subdivisions would be required to figure out how they are going to generate that revenue....   whether it be convincing the state to give more money, increasing other taxes etc....   seems like the fear of Fargo soaking up all the gravy is a bit irrational?I personally like this approach as it also puts limitations on how much debt a subdivision can have...  It should force our elected officials to be a little more responsible with the checkbook... hopefully.  Maybe I'm interpreting it all wrong... if so I'm sure someone will tell me..For those who want to read it for themselves <a href="https://www.sos.nd.gov/sites/www/files/documents/elections/measures/property-tax-measure-full-text.pdf" target="_blank">https://www.sos.nd.gov/sites/www/files/documents/elections/measures/property-tax-measure-full-text.pdf</a>SECTION 1. AMENDMENT.Section 1.Item 3 is what I'm referencing.</blockquote>

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