BISMARCK, N.D. (KFGO) – North Dakotans want a major shift away from the current policies of the Legacy Fund, according to a new North Dakota poll conducted by the North Dakota News Cooperative.
By an overwhelming margin of 68% to 6%, voters say the State Investment Board should invest most of the money in the Legacy Fund within the state instead of continuing its current policy of investing most of the money out-of-state and in foreign countries.
The strong support for major changes in the management of the Legacy Fund cuts across all demographic categories, media markets, and political affiliations. The Legacy Fund is a wealth fund from a tax on oil and gas production.
The fund is valued at $9.8 billion with an average monthly deposit of over $54 million for the past 12 years.
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