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Dickinson's low debt of $3.1 million has put the city in a prime position to handle upcoming expenses for infrastructure, officials said Friday. "It shows that the city of Dickinson is basically debt-free," Dickinson City Commissioner Carson Steiner said. "We will have room to get out and get some bonds to help pay for those things. I think any city in the state would love to have those numbers." The report was prepared by City Administrator Shawn Kessel and was based on information collected by the North Dakota Legislative Council. Dickinson, Williston, Minot, Fargo, West Fargo and Mandan voluntarily gave the council debt amounts, and Dickinson was the lowest of the six cities. "From cities that I have had experience in, whether it's in Minnesota, North Dakota or Montana, that's a fairly low number," said Andy Peterson, North Dakota Chamber of Commerce president. Dickinson's debt per capita is less than $175, according to the committee. That number is based on the 2010 Census. Since more people have to the area in response to a second oil boom, the actual debt per capita is lower," Kessel said. "Our population is around 21,000," he said. "It's absolutely amazing when you think about the debt structure that we have." Kessel said the city's debt has been low for the last few years. Cities use debt as a tool plan for projects and to get bonds, Peterson said, adding cities need to use debt effectively, and planning is key. "They're experiencing a lot of people coming to town. They are experiencing a lot of businesses coming to town," Peterson said. "Where do we want to be five years, 10 years down the road? Now is the time for those discussions and it sounds as if they're starting to have those kinds of things." Dickinson had special assessment debt from an oil boom in the 1980s, which was defaulted on, Kessel said. "The city took that debt and had to deal with it, and it was about $20 million," he said. "If you don't have that kind of debt, that means it puts the city at very little risk or the citizens at very little risk for default." Dickinson will pay off its debt for the West River Community Center this year. The $12 million project opened May 14, 2004. Dickinson residents also voted in 2008 to contribute $6 million in sales tax to the Badlands Activities Center. The $16 million center opened in June 2010. Dickinson is expected to accumulate $21.5 million over the next two years, according to the committee. Projects include the $33.5 million wastewater treatment facility, which is scheduled to be completed in June 2014. The per capita debt is expected to be about $1,383 in two years. "It puts us at a per capita as still being the lowest of all those cities that are represented on that chart, which, of course, are most of the population centers in North Dakota," Kessel said. "Even with that debt, which is still not significant when you compare it to the others, (it) will be low." The wastewater treatment facility will not present general obligation debt, Kessel added. Past and current employees deserve credit for keeping the debt low, Kessel said. "We have one of the strongest balance sheets in North Dakota," he said. "That means we are able to weather any unforeseen things like the tornado three years ago. Hopefully that makes people feel more comfortable."
Source: The Dickinson Press |
State gives Oil Patch $12M boost
The state will give strained emergency services in western North Dakota a $12 million boost - $5 million more than initially planned - plus $5 million for fast-growing Oil Patch schools.
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Secretary of Interior Ken Salazar visits Dunn County Lodge in oil country
U.S. Secretary of Interior Ken Salazar made three major speculations after touring Dunn County Lodge on Monday: residential camps should be referred to as "crew camps," not "man camps;" water fracturing is OK; and while North Dakota is a role model for the country, there are problems that need attention.
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Why is ND oil worth less?
North Dakota oil is trading for about 80 bucks a barrel right now...compare that with other locations in the nation, and you might scratch your head.
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Heavy agendas for western ND officials
Planning and zoning officials in western North Dakota are taking on a heavier load while meetings attract more permits and people, officials said Wednesday
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Fisher Industries campers for housing OK'd by Stark Co. zoning board
Stark County zoning commissioners have been picky about permitting campers as residences lately, but a business representative, who wants to house employees, might have found the trick to gaining approval.
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South Heart sales tax could jump to 2 percent
A South Heart resident is concerned city leaders might raise the sales tax, but leaders say the proposed tax amount can only go down. Starting as early as Oct. 1, residents could see a 2 percent city sales tax with a maximum amount of $50 on any single purchase, the town's Home Rule Committee said during Wednesday's public hearing at South Heart City Hall. But 2 percent may be more than enough. "If 2 percent is coming in and it's way more than the city needs, it can always be backed off also," South Heart Home Rule Committee member Steve Finsaas said. Justin Sadowsky, who represented Kuntz Sandblasting at the meeting, is concerned the proposed tax is set too high. "We do a lot of business, and I can see me having to raise prices," Sadowsky said. "That was one of the reasons we moved here, was to be a little more competitive." Sadowsky added that Dickinson's sales tax is set at 1.5 percent, and thinks South Heart should follow suit. Committee members said a 2 percent sales tax is necessary, adding that it would be a step in the right direction for South Heart. Finsaas said the tax would be used to fund "upkeep, maintenance and protection of the city." "We didn't want to set (the tax) at 1 percent and then find out next year that this isn't enough," Finsaas said. "We thought, let's just do it and be done and move on so that we're in a position where we know that we can take care of things." Jayme Lefor of South Heart said Dickinson can afford to have a 1.5 percent sales tax because there are so many businesses. South Heart has six businesses, he added. "With that 1.5 percent, they're going to get a lot more money coming in," Lefor said. Finsaas thanked Sadowsky for his concern, and said the board would take all public comments under advisement. Additionally, committee members said Belfield and New England have a 2 percent sales tax. If South Heart's proposed tax goes through, 25 percent would go toward parks and recreation, with the remaining 75 percent going toward city upkeep and hiring a police officer.
Source: The Dickinson Press |
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