City of Williston retires $2.9 million in debt

The City of Williston has paid off a $2.9 million Aircraft Rescue and Fire Fighting facility bond using funds from North Dakota's SB2323 oil impact relief program. SB2323 provides $10.5 million annually to oil hub cities, and Williston receives about 70% (approximately $7.3 million).

The City of Williston has paid off a $2.9 million bond for its Aircraft Rescue and Fire Fighting (ARFF) facility. The payment is the first major debt reduction made possible by North Dakota's oil impact relief program under Senate Bill 2323. SB2323 was passed to help address long-term infrastructure debt that cities incurred during the Bakken oil boom. Williston received roughly 70% of the annual allocation, with Dickinson and Minot receiving about 20% and 10% respectively. What is known: - Williston paid off a $2.9 million ARFF facility bond. - The payment was funded through allocations from Senate Bill 2323's oil impact relief program. - SB2323 provides $10.5 million per year to designated oil hub cities. - The annual allocation is split roughly as follows: Williston ~70% (about $7.3 million), Dickinson ~20%, Minot ~10%. - City officials said the payoff aligns with SB2323's intent and that they will continue to address remaining obligations deliberately. Summary: The payoff reduces a long-term infrastructure bond and represents the first significant use of SB2323 funds to lower debt tied to the Bakken boom. City officials stated this action provides financial relief and positions the city for further debt reduction. Undetermined at this time.