{"id":97340,"date":"2016-03-21T14:36:39","date_gmt":"2016-03-21T19:36:39","guid":{"rendered":"http:\/\/csinewsnow.com\/?p=97340"},"modified":"2016-03-21T14:36:39","modified_gmt":"2016-03-21T19:36:39","slug":"legacy-fund-deposits-dropping","status":"publish","type":"post","link":"http:\/\/csinewsnow.com\/?p=97340","title":{"rendered":"Legacy Fund deposits dropping"},"content":{"rendered":"<p>\u00a0<img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-69076\" src=\"http:\/\/csinewsnow.com\/wp-content\/uploads\/2015\/04\/calculator2.jpg\" alt=\"calculator2\" width=\"115\" height=\"86\" \/>BISMARCK, N.D. (AP) &#8211; Deposits into North Dakota&#8217;s oil tax savings account have dropped to the lowest level since the fund was created.<br \/>\n\u00a0<br \/>\n\u00a0\u00a0\u00a0\u00a0 State Treasurer Kelly Schmidt says the Legacy Fund deposit for March was $22.9 million, down from $31.7 million in February.<br \/>\n\u00a0<br \/>\n\u00a0\u00a0\u00a0\u00a0 North Dakota voters approved the fund in 2010. It received its first deposit of $34.3 million in September 2011.<br \/>\n\u00a0<br \/>\n\u00a0\u00a0\u00a0\u00a0 The fund had been growing faster than anticipated. But it&#8217;s slowed now with slumping oil production and prices.<br \/>\n\u00a0<br \/>\n\u00a0\u00a0\u00a0\u00a0 The Legacy Fund gets 30 percent of the state&#8217;s oil tax collections. The money can&#8217;t be touched before 2017 and it would still take a two-thirds vote of the Legislature to dip into it.<br \/>\n\u00a0<br \/>\n\u00a0\u00a0\u00a0\u00a0 Schmidt says this month&#8217;s transfer brings the balance of the account to about $3.46 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0BISMARCK, N.D. (AP) &#8211; Deposits into North Dakota&#8217;s oil tax savings account have dropped to the lowest level since the fund was created. \u00a0 \u00a0\u00a0\u00a0\u00a0 State Treasurer Kelly Schmidt says the Legacy Fund deposit for March was $22.9 million, down from $31.7 million in February. \u00a0 \u00a0\u00a0\u00a0\u00a0 North Dakota voters [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":56851,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-97340","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-state"],"_links":{"self":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/97340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=97340"}],"version-history":[{"count":1,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/97340\/revisions"}],"predecessor-version":[{"id":97344,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/97340\/revisions\/97344"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/media\/56851"}],"wp:attachment":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=97340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=97340"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=97340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}