“I’ve not served within the army. I’ve not served my group in any trend so far,” Rustad, 35, stated in a Tuesday interview. “My group’s been excellent for me, so I need to give a bit again. I need to take a few of my time and my concepts and my blue-collar enterprise sense — hopefully individuals like my concepts.”
Rustad stated he’s nervous that the town’s property revaluations are driving up values, and, in consequence, driving up property taxes greater than some can afford. He proposed as an alternative a plan that might cap public revaluations of native houses at one thing like 2 % per yr — corresponding to inflation — holding modifications extra manageable and eliminating sudden jumps in worth.
“My coronary heart goes out to the individuals which are barely making it as a result of their (taxes) are too excessive,” Rustad stated. “If there’s a greater concept that results in an analogous outcome, let’s do it. However should you personal a (residential) property, you shouldn’t get taxed out of it.”
Rustad calls his proposal “simply an concept” — one among some ways to realize his objective of a extra predictable tax local weather for native residents. However any such proposal might place strain on metropolis income, which has lately drawn metropolis leaders’ concern. Although the Metropolis Council gained voters’ permission to extend the native gross sales tax in November, these dollars can solely be spent on water and road tasks. They’ve eyed lagging state assist dollars with fear, notably declining to provide staff the complete 2018 raises specified by the town’s wage plan.
“I don’t assume it might minimize income. I feel it will develop income,” Rustad stated of his plan. “I feel individuals are interested in cities which might be extra reasonably priced to reside in. I’ve buddies which have moved to Fargo, as a result of they get extra home for much less cash.”
Rustad collectively owns about 25 residential models throughout six buildings within the Grand Forks space, in addition to the downtown Aaker’s Constructing. He additionally helps function Cambridge Property Administration, which has roughly 300 models in Grand Forks, Crookston and Bemidji. His valuation plan, he stated, is aimed toward residential houses, and he doesn’t consider it might profit him personally or professionally.
A 2000 graduate of Pink River Excessive Faculty, Rustad graduated from UND with a bachelor’s diploma in bodily schooling and train science in 2009 after years of half-time research. He now lives on the five hundred block of Harvard Road together with his spouse and two youngsters, ages three and 1.
Rustad’s announcement fires the…