Tag Archives: bailouts

City Plans School Building Spending Spree With State Property Tax Relief Payment

City Plans School Building Spending Spree With State Property Tax Relief Payment

To be fair, the Minot School Board is considering more than one option when it comes addressing school growth in the city, and the impact they calculate for property taxes doesn’t take into account the city’s growing property tax base, but even so this illustrates perfectly the problem with trying to solve the property tax

Subprime Auto Loans Were Up 18% In 2012

Yesterday we got news that the Obama administration is pushing banks to make subprime home loans again. Today comes word that in 2012, subprime auto loans were up 18%: The Fed’s program, while aimed at bolstering the U.S. housing and labor markets, has also steered billions of dollars into riskier, more speculative corners of the

Local Control Shouldn't Mean A Blank Check For Local Governments

Since 2007, North Dakota’s state government has been trying to solve a local government property tax problem. High property taxes are driving public dissatisfaction, but what’s driving high property taxes is local spending. Yet, local government officials have been very effective redirecting the angst over property taxes to state leaders. And, unfortunately, Governor John Hoeven

ND Senate Bails Out Public Worker Pensions, But Authorizes Study For Move To Defined Contribution Plans

In his speech carrying SB2059 to the floor, Senator Dick Dever noted an alarming fact that I’ve written about before here on SAB: North Dakota’s public employee pension system, PERS, has fallen to being only 67.4% funded. In 2011 the fund was 70.5% funded, and not so many years ago the fund was 104% funded.

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