October 17, 2019
Economic growth varies across region
By Jerry W. Kram
Sales and purchases across North Dakota were up by more than 8 percent for the second quarter of 2019 but varied widely depending on local conditions. Oil rich communities boomed while other parts of the state were lackluster.
In this region Garrison saw a steep decline of more than 13.6 percent from 2018 – about $1 million in taxable sales and purchases. Stanley, on the other had, had a $1.5 million increase, up 5.4 percent. New Town, with a 2.2 percent decline, was stable, as was Tioga with a similar increase. Minot saw growth of more than 6 percent, but oil hotspots Watford City and Williston saw increases of 35 percent and 76 percent respectively.
Tax Commissioner Ryan Rauschenberger said that North Dakota’s taxable sales and purchases for the second quarter of 2019 are up nearly 8.4%. Taxable sales and purchases for April, May and June of 2019 were $5.592 billion, an 8.37% increase over those months in 2018.
“We are pleased to report strong year-over-year taxable sales and purchases increases in the second quarter 2019 continuing the trend we have experienced the past nine quarters,” Rauschenberger said. “With sustained lower commodity prices, it is significant that the state has been able to post solid taxable sales and purchases growth each quarter for more than two years.”
In this region Garrison saw a steep decline of more than 13.6 percent from 2018 – about $1 million in taxable sales and purchases. Stanley, on the other had, had a $1.5 million increase, up 5.4 percent. New Town, with a 2.2 percent decline, was stable, as was Tioga with a similar increase. Minot saw growth of more than 6 percent, but oil hotspots Watford City and Williston saw increases of 35 percent and 76 percent respectively.
Tax Commissioner Ryan Rauschenberger said that North Dakota’s taxable sales and purchases for the second quarter of 2019 are up nearly 8.4%. Taxable sales and purchases for April, May and June of 2019 were $5.592 billion, an 8.37% increase over those months in 2018.
“We are pleased to report strong year-over-year taxable sales and purchases increases in the second quarter 2019 continuing the trend we have experienced the past nine quarters,” Rauschenberger said. “With sustained lower commodity prices, it is significant that the state has been able to post solid taxable sales and purchases growth each quarter for more than two years.”
