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City takes on record debt

November 5, 2013

Minot city manager David Waind stressed the urgency of more state oil impact assistance as the Minot City Council Monday approved $37 million in debt obligations – a heavy burden that could affect......

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Nov-08-13 7:03 AM

Well the goofballs complaining about growth are the same ones who keep asking for more money for unnecessary stuff. What a bunch of weirdos!!

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Nov-05-13 11:01 PM

minot is a textbook example of republican economics. help business and let it run free. we are an entertainment city--vegas is also in money trouble. it does not work because of greed. a few benefit from the state fair, hostefest, motor coach hoedown etc. while the rest of us pay for help they get and the wear and tear on our city. high taxes are typical in this scheme. there is a better way.

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Nov-05-13 10:46 PM

you have to be joking--have the fox watch he chickens? too red 4 me. N1 may scoff at 1.5% sales tax but it would pay our debt. Waind is right that the state should help us but the city can do much for itself. convert the city sales tax to pay our debt, stop the pet projects including MSU and stop the tax breaks for new homes. that was a dumb idea to begin with and just a sales pitch for a realtor. we are in debt because we bought a big screen tv when the leaking roof was destroying the building. sins of the fathers.

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Nov-05-13 10:24 PM

I find it strange that Minot is seeing influx in housing, commercial property and as a result collecting more taxes from this, but we have double utilities, high property taxes, and can't even get the city to listen to you. I think it's time to get the Attorney General Office involved and clean house and audit it.

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Nov-05-13 10:07 PM

N1: our property values and taxes are higher than Bismarck. 1.5% in just sales tax is a big issue. per the letter we May have the highest utilities in the state. what kind of denial are u in. this is serious stuff if u live on a budget--like the majority of minot residents. Bengazi news is calling you.

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Nov-05-13 1:40 PM

Artspace making the city any ROI yet?"#

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Nov-05-13 1:33 PM

Bismarck passes its school bond issues by close to 80%. I am not sure, but I believe their property taxes are still higher than Minot's.

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Nov-05-13 12:42 PM

6% vs 7.5%? One and a half pennies on the dollar and it was a relief to see?

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Nov-05-13 12:03 PM

All I can say is if you don't like it, put your name on the ballet and run for city council.

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Nov-05-13 10:56 AM

I must admit, when we visited Bismarck last weekend, it was nice to see a 6% sales tax, Been awhile since I've seen that.

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Nov-05-13 8:54 AM

This is bull. Minot is not taking on record debt to keep up with oil impact. Minot is taking on record debt because the city of Minot just keeps spending and spending. We have not grown 10,000 people in 3 years and the number of housing that has gone up and building permits proves that. Minot needs to get off of its high horse and become fiscally conservative in their spending. We are not an Oil Boom town like Watford, Williston or Stanley. Enough with the oil boom in Minot.

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Nov-05-13 8:52 AM

I love paying 7.5% sales tax and love that my property tax went up substantially the last two years. I can't wait for the school bond to pass. Thank g*d for the Magic city fund. Thank g*d oil money is flowing down and we are keeping it local. Build, build, build!!!

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Nov-05-13 7:22 AM


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Nov-05-13 5:57 AM

in other words, homeowners prepare to open up your wallets and savings accts again. this time it will be 'for the city.'

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