Iron Range officials want to protect $140 million trust fund

  • Article by: Jenna Ross , Star Tribune
  • Updated: January 31, 2014 - 11:48 PM

Plans would create a new structure for the $140 million fund generated by taxes on taconite.

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woodbuckFeb. 1, 14 7:14 AM

As a resident of the northland, I have to wonder, if the state will be asked to create another IRRRB to take care of the economic problems caused by the eventual shutdown of the copper/nickel mine that is proposed. In twenty years when those mines close will we need another make work slush fund to deal with the loss of economic activity that those mines will produce. It seems like an endless cycle to me, why not use our money and resources to ease the whole area away from its dependence on mining? The whole idea behind the IRRRB was to diversify the local economy and transition it away from the boom and bust of the mining industry.

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murphydogFeb. 1, 14 8:06 AM

Anytime there is a pot of money somewhere our lawmakers drool over it. Leave this one alone.

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jackpinesavFeb. 1, 14 8:28 AM

The immediate past governor and his party when in control of both legislative houses, grabbed local school dollars to balance the state budget and forced local school boards to borrow $$$ from banks to run the schools for several years. Unless this local developemnt $$$$ is protected, either side could do the same in the future. Why are we attacking a pro-active long term savings plan for economic growth ??

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jimmy11Feb. 1, 1411:04 AM

How much of their own money does Polymet have invested in this mining venture?

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