The measure to end local property taxes based on assessed value would have forced the state to provide an estimated $3.15 billion in replacement revenue to local governments during each two-year budget, according to a legislative panel. The state now forecasts about $5 billion in general tax revenues in the current two-year budget.

With nearly all votes counted, an adult-use marijuana measure will fail in North Dakota while a South Dakota initiative to legalize adult-use growing was trailing.

Tuesday's vote appears to mark a trend of narrowing the margin of opposition to recreational pot in North Dakota. Voters rejected legalizing recreational marijuana in 2018 and 2022, with 59% and 55% of voters opposed, respectively, compared to the 53% opposed late Tuesday.