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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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(15)

EarlyBird

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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MarkHighwater

Nov-06-13 5:54 PM

"Clearly, the debt that is being incurred is the result of the growth we are experiencing," Waind told the council. "The help we have gotten has not been sufficient to take care of the tremendous amount of growth that the city is seeing. We have never seen the kind of bonding that we are having to do tonight."...in other words the STATE needs to shell out MORE oil tax revenues.

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Legend

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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Legend

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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concerned

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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Legend

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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socialismsucks

Nov-05-13 1:40 PM

Artspace making the city any ROI yet?"#

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Nancy1

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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73Hockey

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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rickrod

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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takkak

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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SayWhat

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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takkak

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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EarlyBird

Nov-05-13 7:22 AM

Unbelievable!!

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socialismsucks

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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