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Fargo officials outline $1.37 billion figure, say much of it is covered or owner-assessed
Summary
Mayor Mahoney presented a breakdown of Fargo's debt by category, saying headline totals approach $1.37 billion while noting special assessments and other reimbursements reduce the city's net burden; commissioners pressed for clarity on diversion and water-supply project costs.
Mayor Mahoney presented an extended finance briefing during the commission meeting, laying out the city's debt by major categories and saying the headline total is about $1.37 billion but that some obligations are owner-assessed or reimbursed.
Mahoney summarized the major buckets: improvement (special assessment) bonds he listed near $580 million, facility debt about $48 million (fire stations, city hall, public health, police headquarters), utility infrastructure state revolving loans around $328 million (water and wastewater), accrued employee leave and pension obligations roughly $265.5 million, and…
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