Why does it need to be extended to 2084?
A long-term revenue source is needed to secure the long-term financing that helps make the annual payments affordable, much like a home mortgage. The financial plan amortizes the sales tax…
What does this tax pay for?
Sales tax is expected to fully cover the local portion of the FM Area Diversion Project and other Fargo Flood Control Measures. The Diversion Project has been determined as the…
Why is sales tax the preferred funding source for flood protection?
Sales taxes are paid by all those who visit, shop, or take advantages of the services within the County and City. Because Fargo and Cass County are economic centers that…
What is the purpose of extending the flood related sales taxes?
The purpose of extending the flood related sales taxes is to secure a long-term, local funding source that will be used to build the Diversion Project. The sales taxes are…
Financial Plan Presentation – May 26, 2016
Financial Plan Presentation