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Woodbury County supervisors move $600,000 from discretionary funds to lower proposed property tax levy
Summary
The Board approved transfers of $300,000 from local option sales tax (LOST) and $300,000 from gaming revenues into the county's debt service fund, closed public hearings and approved resolutions to issue capital loan notes for FY2025, and authorized the FY2026 maximum tax-rate mailing with the $600,000 adjustment.
The Woodbury County Board of Supervisors voted to move $300,000 from local option sales tax reserves and $300,000 from county gaming revenues into the county debt service fund to reduce the county’s proposed FY2026 maximum property tax levy.
The transfers passed 4-1, with Supervisor Carper voting no. The board’s action came after a lengthy discussion on options for using LOST and gaming balances to offset deficits in the county’s operating funds and to lower the debt-service portion of the proposed levy mailing.
County staff described the transfers and the budget context. Tina Bertrand, Woodbury County Treasurer, outlined two related resolutions the board approved after public hearings: procedures to issue taxable general obligation capital loan notes for FY2025, not to exceed $700,000, and a second separate issuance not to exceed $500,000. Bertrand said the two issuances split projects recommended by bond counsel…
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