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Minot finance director outlines how proposed state property-tax caps could affect 2026 budget; $940M unconstrained CIP shown
Summary
At the March 17 Minot City Council meeting, the finance director reviewed FY24 year-end revenue trends, projected effects of proposed state property-tax cap bills on the 2026 budget and an unconstrained five-year capital improvement plan with a local share near $300 million.
Minot — Finance Director Dave gave the City Council a year-end fiscal report on March 17 and presented scenarios for how proposed state property-tax cap legislation could affect the city’s 2026 budget, while staff also outlined a roughly $940 million unconstrained capital improvement program (CIP) that would carry a local share of just under $300 million.
Dave told the council the range of possible effects from the two leading bills being discussed at the state legislature would leave the city with between about $949,000 and about $5.5 million of additional property-tax capacity for the 2026 budget, depending on which formula is enacted. “We would be looking at a potential cap to increase the property tax somewhere between 949,000 and change to about 5 and a half million dollars,” Dave said during his presentation.
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