MINOT, N.D. (AP) — Administrators of a city within the North Dakota oil patch say citizens must get a wreck on property taxes in 2020, due in huge part to monetary help from the state Legislature.
Minot City Manager Tom Barry says the city receives extra than $6 million from the state in so-known as hub city funding, which designates a small percent of oil and natural gas production cash and distribution taxes to Minot, Williston, and Dickinson.
That is greater than double the total that Minot becomes furnished from the last consultation, the Daily News pronounced.
“That is a big reason why we do not have to advocate a property tax increase this yr,” Barry said throughout a budget discussion meeting. “If this hadn’t taken place, our economic outlook might look very distinct today.”
The council was outlining options to spend the hub money. One concept is to allocate $1.5 million in the direction of relocating the metropolis corridor. Another thought might direct some of the hub cash to a new northwest fire station, expected to cost between $3 and $four million. Finally, some would select the station to be built with reserves.
Council President Mark Jantzer said if a mission is deemed treasured, the funding supply shouldn’t matter. “Each mission must be justified and stand on its advantage,” he stated. Unfortunately, many Minot residents have been upset via a large assets tax increase for the remaining year.
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