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Sales Tax and MAGIC Fund

Page 1

SALES TAX REVENUE

ESTIMATED VALUE PER PENNY: $13.2 MILLION | $13.1 IN 2026 | $12.25 IN 2025


2026 ANNUAL COMPREHENSIVE FINANCIAL REPORTS FOR EACH CITY

ND REVENUE COMPARISON TAX BURDEN PER CAPITA 0 2026 BUDGETS FOR EACH CITY

SALES TAX

SPECIAL ASSESSMENTS

PROPERTY TAX

$118,393,475 82,210,000

0

0

0

$181,196,757

$76,595,937

50,593,366

38,069,643

24,636,500

50,380,000

$66,051,724 $47,723,441

21,738,000

$47,408,864

10,451,283

22,759,863 26,200,000 1,108,110

37,200,000 4,110,262 6,413,179

22,759,863

20,100,754

28,075,011

43,163,609

48,606,757

WILLISTON

WEST FARGO

$1,569

MINOT

$999

GRAND FORKS

BISMARCK

$1,522

FARGO

$1,378

29,079

42,090

47,440

59,042

77,778

131,444

$1,641

$1,297


$30,000,000 $25,000,000

SALES TAX COLLECTIONS

$20,000,000 $15,000,000 $10,000,000 $5,000,000

20 07 20 08 20 09 20 10 20 11 20 12 20 13 20 14 20 15 20 16 20 17 20 18 20 19 20 20 20 21 20 22 20 23 20 24

$0


1 Administration

2 Primary Sector

3 State Program Matching Funds

MAGIC FUND 2027 PROPOSED BUDGET

Auditors

$12,000

Minot Area Chamber EDC

$669,650

Souris Basin Planning Council

$20,000

GF Administration

$75,000

Data Gathering

$105,945

4 City Economic Development

ADMINISTRATION TOTAL $882,595

5 Small Business

STATE PROGRAM MATCHING FUNDS $750,000

6 Flood Protection

MAGIC FUND GUIDELINES

PRIMARY SECTOR $208,928

FLOOD PROTECTION MAINTENANCE $347,905 TOTAL:

$2,189,428

ESTIMATED REVENUES: $2,189,428

15%

ECON DEV


2027 REQUESTS ELIGIBLE FOR SALES TAX FUNDING

COMMUNITY CONTRIBUTION REQUESTS 2024

2025

2026

2027 REQUESTS

MACEDC ECONOMIC DEVELOPMENT

$559,650

$559,650

$559,650

$559,650

$559,650

MACEDC TASK FORCE 21

$75,000

$106,250

$110,000

$110,000

$110,000

SOURIS BASIN PLANNING COUNCIL

$20,000

$20,000

$20,000**

$20,000

$20,000

$654,650

$685,900

$689,650

$689,650

$689,650

**FUNDED BY GENERAL FUND PROPERTY TAX

2027 RECOMMEND


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