The city of Minot has proposed the largest budget in the city’s history–$275 million. That’s a $95 million increase from last year.
City manager, Tom Barry, explained to city council members at a Q&A Monday night, that despite the record budget, homeowners should see about a $58 tax decrease if their home’s value is $179,000.
That’s because one-third of the budgeted dollars are coming from local sources. The other two-thirds will come from state and federal sources.
A lot of the money that’s budgeted has already been collected for designated projects like NAWS, flood control, and the National Disaster resilience program.
There will be a public hearing, Tuesday, September 3 at 5:30 pm.