Old Town expects to cut 17 positions to prevent a larger tax hike

Old Town expects to cut 17 positions to prevent a larger tax hike

Old Town residents will likely see property taxes increase, but not by the original estimate of 38 percent, and services may fall off. The city is scrambling to balance the July 2025 to June 2026 fiscal year budget as it deals with a $1.5 million loss of tax revenue following the closure of the ND Paper mill. The state is helping offset the budget deficit, but it will not cover the full gap. The city filed for an adjustment in the amount of mone…