Friday, January 5, 2018

The Bakken -- A "Mini-Boom"? -- January 5, 2018; Williston, Tioga Takes Lead In Increase In Taxable Sales

Updates

January 8, 2018: do you remember this post. Flashback, August 23, 2017. 
 
Original Post 


From the North Dakota tax commissioner:
Tax Commissioner Ryan Rauschenberger announced Thursday, Jan. 4, that North Dakota's taxable sales and purchases for the third quarter of 2017 had a slight increase. 
Taxable sales and purchases for July, August and September of 2017 were nearly $4.731 billion, a 2.3 percent increase over those months in 2016.
"Although the retail trade sector was down during the third quarter, we see a large increase in some of the industries related to oil activity," Rauschenberger said. "If energy prices continue to rise, we could feel the impact in other areas as well."
Rauschenberger went on to explain that as energy production continues to accelerate in North Dakota, most of the other industry sectors see a coinciding boost. 
Of the 50 largest cities in North Dakota, the highest percent increases for the third quarter of 2017 (compared to the third quarter of 2016) were as follows:
  • Tioga - Increase of 31.51 percent
  • Williston - Increase of 29.55 percent
  • New Town - Increase of 27.25 percent
  • Casselton - Increase of 24.53 percent (near Fargo)
  • Langdon - Increase of 23.91 percent
Counties with the highest percent increases for the third quarter of 2017 (compared to the third quarter of 2016) were as follows:
  • Dunn County – Increase of 47.1 percent 
  • Burke County – Increase of 29.46 percent 
  • Williams County – Increase of 29.15 percent 
  • LaMoure County – Increase of 28.34 percent 
  • Renville County – Increase of 25.89 percent 
Note which city, which county not on the top five list: Watford City, McKenzie County.

Also, noteworthy: Minot, Ward County not on the short list. Nor Dickinson, Stark County.

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