Associated Press, Published February 27 2013
Minot proposes using tax money for flood controlMINOT, N.D. — Minot officials are proposing that part of a half-cent city sales tax be used to help pay for a flood control project.
The money would come out of an existing tax that is now split with 50 percent going to capital improvements, 40 percent to economic development and 10 percent for property tax relief.
The new plan changes that formula to 50 percent for flood control, 25 percent for capital improvements, 15 percent for economic development, and 10 percent for property tax relief.
Minot is planning a $530 million flood control project. The Souris River flooded more than 4,000 homes and businesses in the summer of 2011.
The Minot Daily News reports (http://bit.ly/YXj26x) that the city council's finance and improvements committee approved the plan Tuesday by a 4-3 vote.
Information from: Minot Daily News, http://www.minotdailynews.com
Copyright 2013 The Associated Press.