"Just because you morons didn't get an education is no reason to deny it to young people."
Just remember: "schooling" does not equate to "education". There is a difference.
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If you people knew how a municipal bond underwriting worked, you would be so disgusted by it that you would never approve one again.
How it works: a "too-big-to-fail" Wall Street investment bank underwrites and sells the bond...neither of which they do for free. And you? You get to go into debt and raise your taxes for the sake of Wall Street's profits. And it's through this process, repeated thousands of times per year across the country, that many of the top 1% got where they are. The 99%, many of whom are taxed enough already, get bamboozled again!
Now that you know this, does this sound like something you REALLY want to do?
it's time for a clean sweep of minot's so-called leaders. spenders is a better term to describe them than leaders. welcome to minot-where you rent your home from the city forever.
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I will vote NO, You wanted economic development you got it, now figure out how to pay for it and keep your hands out of my pocket, the value of my home is higher than I can even insure it for, so don't ask me for any more money. Next you will want to tax us more to fix the so called streets in this dump, when will it end? And now I find out I will have to pay a specials tax on my property to redo 10th st. s.w. in Minot next year, I can't afford to live in this town now so what the*****am I to do when I retire, move? Thanks for nothing Minot as you will go down with the oil boom.
Namexxx, we're not talking about denying education, we're talking about how to pay for it. Your comment made no sense. Morons? wow..
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Call me crazy but revenue generated from leased mineral rights from State "SCHOOL" lands should be used for, wait for it, "SCHOOLS".
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Oil has brought much wealth to the state and the coffers overfloweth. That and the game the state played with tax reduction are more than enough reasons for the school district to ask the state for the money needed.
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We have become an oil rich state. Lots of new revenue coming in, just distribute it appropriately. No more tax increases. Asking homeowners for more money for anything is ridiculous.
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12,500 homes, 125,000,000
The school board is wanting 10,000 dollars per home in new taxes. At 333 dollars per year, it will take 30 years of property tax to pay for the bond issue.
Why a bond issue? The City of Minot could create its own equity, publicly traded on the NYSE, under the ticker symbol of CMOT and have 100,000,000 shares issued at 1.25 per share. The initial public offering would be sold and the futures would soar.
That way, the investors in the City of Minot, a hot new ticker symbol, could increase the price of the stock and the City of Minot could have even more money from investors, not taxed to death citizens.
It has a lot more promise than a vote to tax the homeowners even more and the homeowners could buy the stock if interested.
Do it for the children.
Learn a lesson is how funding is acquired. It is a win win for everybody and some food for thought for those who think a vote is the way to go.
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Where is all of the tax money that they are getting now from all of the new homes and the huge increase of home values. I know that my property tax has gone up $1200 in the past 5 years.
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When Sykes moved into Minot and was granted money from the Magic Fund, a brand new building was built to house the business.
Why can't the Magic Fund help fund at least a building or two? Maybe not all, but at least in part.
I am opposed to the methods used to raise the money, help the vote. The letter campaigns written to the editor of the Minot Daily are over the top, one was a hoot, another letter I read was hilarious.
Why can't these folks find somebody else with some money to fund these projects, why does it have to be homeowners that really don't want to help pay because they are already taxed enough? Why can't these folks in town see that? Why won't they seek other forms of funding, such as oil money generated from the oil extraction tax since Minot's growth in directly attributed to the development of the Bakken?
Cancel the vote and give relief from the threat of more burdening taxes on homeowners.
Do it for the children.
we still have a few people on fixed incomes that haven't been forced to move out of minot yet. i suppose they can turn the thermostat down and eat a little less. i hope renters realize that their rent will have to to up if this debacle would pass.
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301 4th St SE , Minot, ND 58703 | 701-857-1900