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Published March 25, 2012, 01:34 PM

Dickinson Manager Says City has Low Debt

DICKINSON, N.D. (AP) — Dickinson's city manager says the city has a low debt burden, and is well prepared to borrow more money for public works projects to help deal with the region's oil boom.

DICKINSON, N.D. (AP) — Dickinson's city manager says the city has a low debt burden, and is well prepared to borrow more money for public works projects to help deal with the region's oil boom.

Shawn Kessel says Dickinson has "one of the strongest balance sheets in North Dakota." It has about 21,000 residents and $3.1 million in debt.

The city is planning to borrow about $21.5 million over the next two years, including a chunk for a new sewage treatment plant. Kessel says even with that addition, the city's debt will be low and manageable.

North Dakota Chamber of Commerce President Andy Peterson tells The Dickinson Press (http://bit.ly/GS5gfU) that the city's debt is low when compared to other larger cities in North Dakota, Minnesota or Montana.

Copyright 2012 The Associated Press.

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