State "returning to pre-oil boom economy" says tax commissioner

By  | 

North Dakota Tax Commissioner Ryan Rauschenberger says in a press release the state is, "returning to a pre-oil boom economy."

According to the release, 2016 taxable sales from January-to-March are comparable to the same time frame in 2011 at slightly less than 4 billion dollars. That's a one-third drop from the same time period last year.

12-of-15 industry sectors declined.

Mining and oil extraction fell the hardest with a drop of 716 million dollars, or two-thirds of industry sales.