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EDC members debate use of reserves to help city budget shortfall and urge greater communication with council
Summary
Board members discussed whether EDC reserves could be used to assist the city’s budget shortfall, and several members urged improved one‑on‑one communication with council to align goals and avoid misunderstandings.
Board members opened a broad discussion about Dickinson’s fiscal pressures and whether EDC reserves might be used to help city operations. The conversation emphasized the need for clearer communication between the EDC and city council.
Staff member David and several board members described a city budget shortfall and noted the EDC holds reserve funds under state rules for economic development investments. David asked whether the board should consider transferring some funds to the city if the council showed reciprocal support for EDC projects. Council member Bill and Councilman Schick joined the discussion and urged dialogue between the two bodies.
Why it matters: The question touches on EDC fiduciary duties and statutory limits on uses of EDC sales tax funds. Board members said they want to help the community but also protect funds designated for long‑term economic development projects. Several members called for one‑on‑one meetings with council members to align priorities before any formal decision.
Key points from discussion: one board member reminded the group that a previous public vote changed the EDC sales‑tax share years earlier and that those restrictions shape current operations; others urged practical cooperation to address immediate city service needs (police, street repair). Members emphasized that any transfer or support would require clear terms and a shared plan.
Ending: No formal action was taken. Board members agreed to increase direct communication with council members, convene joint workshops (a July 22 workshop date was mentioned), and return with concrete proposals if any transfer is contemplated.
