Sunday, January 9, 2011

Montana: Redistribution of Oil Proceeds Decimates Local School Districts

Sidney, Montana, is in Richland County, Montana. The Elm Coulee oil field is in Richland County, Montana.

Elm Coulee is where the current boom targeting the Bakken began (about 2000; moving to North Dakota about 2006).

Obviously Sidney benefits greatly from local oil revenue.

But, not unexpectedly, the governor feels that the money needs to be redistributed across the entire state.
If the governor’s proposal is approved, Sidney’s elementary district is projected to have approximately $79,000 in budgeted oil and gas funds. Under the current format, the district budgets $300,000 in oil and gas funds in the elementary budget.
I wonder if the money generated by the tourist industry in and around the state parks and around Glacier National Park is redistributed across the state? Just asking.

I assume it's just a matter of time before North Dakota considers the same.