Quantcast
Channel: Local news from froggyweb.com
Viewing all articles
Browse latest Browse all 19080

FM Diversion Assessment District vote no surpise: Voters approve it by big margin

$
0
0

Results of the Fargo-Moorhead Flood Diversion Special assessment vote have been tallied and preliminary results show it overwhelmingly passed.

According to the Cass County Joint Water Resources Board, 79% of the votes returned were in favor of creation of the assessment district to finance the local share of the proposed $1.8 billion diversion project.

Most of the "yes" votes came from local goverments. 87% were from the city of Fargo and Cass County. 1% was from other local governments and 12% from private property owners.

Supporters say the assessment is a guarantee of repayment to assure bond investors, but actual repayment will be made through sales taxes levied by Cass County and Fargo.


Viewing all articles
Browse latest Browse all 19080

Trending Articles