KDLT Home KDLT on Facebook KDLT on Twitter Get the KDLT iPhone App Get the KDLT Android App

Mitchell Can Improve Corn Palace With Money, Bonds



Bookmark and Share

Officials in Mitchell say the city could invest a significant amount of money in an improved Corn Palace without asking for a tax increase from residents.
 
Council members were told this week that the city has more than $70 million in bonding capacity remaining, and it has an additional $1.7 million in cash to be dedicated to a project such as improving the Corn Palace.
 
Finance Officer Marilyn Wilson says Mitchell has an assessed value of $632 million. She says the city could still borrow more than $17 million for capital improvement and other projects and bond more than $55 million for water and other basic infrastructure projects.
 
The council says it has no intention to go that far in debt.
< Prev Story Back To Top Next Story >
     

SD Supreme Court Says Gambling Promos Not Taxable

Deadwood casinos will no longer have to pay state gambling taxes on ...

Wild Card 2 Ticket Sold In Huron Worth $6,000

A Wild Card 2 ticket sold in Huron is worth $6,000 in the latest drawing.    ...

New Manager Named For SD State Fair

A longtime official with the Huron Chamber and Visitors Bureau has been named manager of ...

ROTC Sergeant At BHSU Acquitted Of Rape Charge  Dec. 18

Final Reminders Of Iowa Casino Remain Temporarily  Dec. 18

Survey On Deer Licensing System 'Pretty Neutral'  Dec. 18

Mankato Man Recovering After Severe Brain Injury  Dec. 18

SD Supreme Court Says RV Seizure In Meth Case OK  Dec. 18

Federal Jury Finds Man Guilty Of Drug Conspiracy  Dec. 18

SD man Gets 14 Months In Shotgun Threatening Case  Dec. 18

Jury Awards $1M To Families For Flood Damage  Dec. 18

Police Search For 3 Men After SD Home Invasion  Dec. 18

How To Get Hired Over The Holidays   story with video  Dec. 18

The Daily Scoop: 12-18-14  story with video  Dec. 18

Light Show Donates To Young Boy With Cancer  story with video  Dec. 17

T. Denny Sanford Gives Tech Ed $25 Million  story with video  Dec. 17

Snow Plows Tackle Drifts In Sioux Falls  story with video  Dec. 17

Monument To Honor Firefighters In Sioux Falls  story with video  Dec. 17

2nd Gold Coin Given By Anonymous Donor  Dec. 17

Barn Fire Kills 7,500 Turkeys Near Worthington  Dec. 17

KDLT News Archive
     

Update: Missing Man Found Deceased

A man reported missing in Charles Mix County was found deceased ...

SF Building Damaged After Overnight Fire

Firefighters spent part of the early morning hours ...

Police: Spencer Woman Found Dead In Apartment

Authorities in northwest Iowa are investigating ...

Light Show Donates To Young Boy With Cancer  story with video  Dec. 17

2nd Gold Coin Given By Anonymous Donor  Dec. 17

The Daily Scoop: 12-17-14  story with video  Dec. 17

Snow Plows Tackle Drifts In Sioux Falls  story with video  Dec. 17

Barn Fire Kills 7,500 Turkeys Near Worthington  Dec. 17

KDLT News Archive
     
Back To Top