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Lawmakers question pace of hiring at North Dakota investment office tasked with Legacy Fund mandates

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Lawmakers question pace of hiring at North Dakota investment office tasked with Legacy Fund mandates


State lawmakers are questioning why an company key to implementing new in-state funding mandates of North Dakota’s oil tax financial savings solely not too long ago posted for brand new jobs the Legislature accepted greater than six months in the past.

The Legislature final fall accepted six new full-time workers positions and $1.7 million in salaries for the Retirement and Funding Workplace. The workplace’s director requested the positions as a way to meet the calls for of the brand new Legacy Fund mandates.

Members of the Legislature’s interim Legacy Fund Earnings Committee late final month requested workplace leaders why 4 of the roles accepted in November have been posted in June.



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Murtha

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Mike McCleary



Workplace Govt Director Jan Murtha attributed the method’s tempo to the hiring of recent Chief Funding Officer Scott Anderson in January and getting his enter, adopted by “many, many conversations” with the state authorities’s human assets company to acquire pay grade exceptions for the brand new positions within the state’s classification system.

Murtha instructed the Tribune she hopes to have the positions crammed by the top of the summer season. 

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Individuals are additionally studying…

Anderson instructed the Legacy Fund’s advisory board on Thursday that “We’ve a minimum of 50 certified resumes we’re proper now.”

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The remaining two of the six new positions embody an accounting supervisor already employed and a packages outreach coordinator place not but posted, Murtha stated.

The $8.1 billion, voter-approved Legacy Fund has generated greater than $540 million of earnings during the last 12 months.

Staffing proposal

Anderson is crafting a proposal for the 2023 Legislature that goals to deliver extra of the workplace’s belongings administration in-house, improve staffing and save a minimum of $45 million a 12 months.

“The inner workers is a a lot decrease value to what it prices us to handle the funds with exterior managers,” he stated.

The workplace oversees $20 billion of belongings, which has grown from $4 billion in 2010.

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Scott Anderson

Anderson



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All of the belongings are overseen by exterior managers to the workplace. The workplace selects, allocates capital to and screens the managers, in response to Anderson.

Murtha stated any proposal subsequent 12 months can be to fund one 12 months’s value of salaries for brand new positions within the subsequent two-year funds cycle “as a result of realistically that is after we suppose we’re going to have the ability to onboard somebody, is at that 12 months mark.”

The total imaginative and prescient may take six years to implement, she stated.

Progress Fund

A year-old in-state investing program of the Legacy Fund not too long ago made one other funding. 

North Dakota Progress Fund Common Associate 50 South on Wednesday introduced the funding in gener8tor, a enterprise capital agency that may launch “a flagship equity-based startup accelerator program in Fargo, in addition to two non-equity-based (free) gBETA pre-accelerator packages in each Grand Forks and Fargo,” to run yearly for the following 5 years. 

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Gener8tor additionally will make “choose direct investments” in different North Dakota-based companies. 

50 South didn’t disclose the person funding quantity, citing confidential info. 

North Dakota Legacy Fund in-state investing program tops $22M

The Progress Fund is allowed as much as $250 million from the Legacy Fund however has $100 million for its preliminary five-year funding interval. 

A spokesman stated the group has dedicated a complete of $62.5 million from the Progress Fund.

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“Via our capital we’ll make investments each in corporations straight in addition to in funds that may in flip put money into North Dakota corporations,” 50 South Managing Director Trey Hart instructed the advisory board Thursday.

Different investments embody St. Louis-based enterprise capital agency Lewis & Clark AgriFood, Dallas-based non-public fairness agency LongWater Alternatives and South Dakota-based enterprise capital firm Homegrown Capital, all of which have investments or workplaces in North Dakota. 

These Progress Fund investments totaled $22.5 million as of February, in response to 50 South. 

Attain Jack Dura at 701-250-8225 or jack.dura@bismarcktribune.com.

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North Dakota

Airports hope to land state funding for major projects

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Airports hope to land state funding for major projects


Kyle Wanner, director of the North Dakota Aeronautics Commission, speaks July 1, 2024, at the groundbreaking ceremony for an expansion of Hector International Airport in Fargo. (Jeff Beach/North Dakota Monitor)

BY: JEFF BEACH

FARGO (North Dakota Monitor) – Three North Dakota airports have plans for major upgrades and will be asking the state Legislature to approve a combined $120 million for the projects. 

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Fargo’s Hector International Airport had its official groundbreaking Monday for a terminal expansion and parking garage. The airports in Grand Forks and Dickinson also have what airport officials call “generational projects,” that might come along every 30 to 40 years. 

Fargo is seeking $60 million for its project and Grand Forks and Dickinson each are requesting $30 million. 

At Monday’s event in Fargo, Kyle Wanner, director of the North Dakota Aeronautics Commission, called airports “economic engines” for the state. 

“They sometimes need a major overhaul or an upgrade,” Wanner said. 

Kelly Braun, manager of the Dickinson Theodore Roosevelt Regional Airport, said there is not another viable source of funding for its plans to build a new terminal next to the existing runways. 

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He said the plans for a new terminal are in the design stage for the $48 million project. He said there is local and federal funding for the project. 

It is upgrading a secondary runway in preparation for that project.

Ryan Riesinger, executive director of the Grand Forks International Airport, said it plans to reconstruct its main runway – an approximately $75 million project. 

That means ripping up asphalt that is about 1 foot deep and the original concrete that is 1 foot deep. 

Riesinger said the concrete was poured on top of a clay soil base. The modern runway will be dug down about 4 feet and be better engineered to handle the weight of large planes as well as better drainage. 

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“So it’s much like reconstructing the interstate, only deeper, thicker,” Riesinger said. 

The Grand Forks airport is currently upgrading its secondary runway to keep the airport humming while the main runway is redone over several construction seasons. 

Wanner said while there are smaller airport projects all over the state, these three high-priced upgrades have been identified as needing extra state funding. 

“There’s just no other path forward,” Wanner said in an interview. 

North Dakota House Majority Mike Lefor, R-Dickinson, said he has been briefed on the projects and is supportive, as long as the revenue is available when lawmakers convene in January. He said a proposed property tax reform measure on the November ballot could change the budget picture dramatically. 

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“I’m generally supportive of this proposal, because I see the need,” Lefor said. 

North Dakota’s commercial airports in 2023 had 1.1 million boardings, an 11% overall increase from calendar year 2022, according to the Aeronautics Commission. Fargo and Devils Lake recorded their best year on record.

North Dakota airports also had their busiest May on record, according to the Aeronautics Commission. Airline passenger boarding numbers reached 103,068 passengers for the month, breaking a May record set in 2014 during the oil boom.

Braun said the Dickinson airport was designed for about 9,000 passengers annually but last year had about 25,000, with projections of more than 30,000 in the next couple of years. 

He said officials hope to have the new terminal open in late 2027. 

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The $200 million Hector project that is underway is for a four-story parking structure with about 1,000 spaces and a skyway to the terminal. 

The terminal will add four more gates and there will be upgrades to the terminal interior. The project is expected to be completed in 2026. 

At Monday’s groundbreaking, U.S. Sen. John Hoeven touted recent airport upgrades in Minot and Williston and called Fargo’s airport “the flagship” for the state. 

“This is a quality of life issue,” Hoeven said of air travel. “So we’re going to have the best airport to go with the greatest people and the best state in the country.”



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Behind the Badge – Boating Accident on Fourth of July Weekend

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Boating Accident – Fourth of July Weekend

District Game Warden Noah Raitz

The Fourth of July weekend is one of the busiest stretch of days game wardens have during the summer.

Sure, there are busy days when the fish are biting, or the weather is perfect for a lake day.

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But, without a doubt the Fourth of July will have recreators flocking to their lakes to get the boat on the water and enjoy the long weekend.

As lakes get crowded it becomes more important for boat operators to understand boating regulations and how to be safe on the water.

This starts at home before the boat is even hooked up.

One of the most common violations I find is not having the required number of personal flotation devices.

PFDs are usually stored in one of the front compartments or under the seats, depending on the type of boat.

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It’s not uncommon for boat owners, who have enough PFDs, to struggle to remember which storage compartment they put them in.

Not knowing where your PFDs are stored on your boat is a safety concern because you never know when you might be put in an emergency where the PFD is needed.

While working the Fourth of July weekend in 2023, I received a call that a personal watercraft and a boat had collided.

I was at a nearby lake when it happened and was able to respond quickly.

I was told the boat had quickly started heading toward the boat ramp.

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The caller told me it sounded like a shotgun blast when they collided.

The boat, almost full of passengers, was pulling a tuber and was making the typical “S” shaped maneuver as they followed the shoreline to a bend in the lake.

The PWC was heading toward this same bend from the opposite direction.

Once they recognized each other, they both attempted a turn but neither one was able to get out of the way.

A lot of questions started running through my head because an “accident” where nobody made a mistake is uncommon.

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How close were they to the shoreline? Where was the attention of the driver? Who was the give-way vessel and who was the stand-on vessel? Was the throttle applied when the PWC attempted to turn? Almost all accidents are avoidable if state boating regulations are followed.

Upon arrival at the boat ramp, I could immediately see the boat that was involved in the collision was on a trailer with a large piece of the boat on the ground and a hole that matched it on the stern.

The driver said that when the collision happened, he could see water rushing in the back almost immediately.

He expressed that if he had not been able to drive the boat, they would have sunk within a few minutes.

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The impact had enough force to bend the bow eye to one side along with multiple chunks of fiberglass missing on the PWC.

After the PWC collided with the boat, the momentum of both vessels caused the tuber to continue forward and collide with the PWC as well.

The tuber was able to lean to his side and keep the inner tube between himself and the PWC, acting as a cushion and bouncing him off.

The collision did not result in any injuries, but it was an extremely close call for everyone.

It’s hard to speculate what could have happened to the passengers if the collision happened a few seconds earlier or later, but I am almost certain there would have been more injuries.

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Had the boat sunk, would all the passengers been able to swim to shore or locate a PFD?

What if the PWC operator hit his head and was knocked unconscious while the boat took off toward shore?

What if the tuber was unable to react fast enough and collided with the PWC before he could lean to his side?

Boat safety equipment and boating regulations are crucial for the safety of yourselves and others on the water.

The purpose of a PFD is to keep you upright in the water, even if you are unconscious.

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Obviously, a PFD can’t stop a collision from happening, but it could save your life in an emergency.

It goes beyond just having a PFD though.

I would encourage everyone to review our boating regulations and if you have a question, call your local game warden.



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North Dakota city’s mayoral race remains tied after recount

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North Dakota city’s mayoral race remains tied after recount


VALLEY CITY, N.D. (NewsDakota.com) – A recount was held July 1st to determine the mayor of the City of Dazey.

Barnes County Auditor Julie Mindt said the results remain unchanged with Daryl Kunze receiving 19 votes and Shawn McClintock receiving 19 votes. The contest remains tied and now goes before the City of Dazey Board of Commissioners to resolve the tie.

The population of Dazey was 78 as of the 2020 census.

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