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

What Council Members Hope To Do With $10M



Bookmark and Share

Back in September, the federal government paid back the money that was loaned by the city of Sioux Falls to build a levee system and dam. Now, Sioux Falls City Council Members are trying to figure out what to do with nearly $10 million.

Council members said they never thought the federal government would ever repay the city. But now that they have, council members said they want it to benefit everyone that lives in Sioux Falls.

Sioux Falls City Finance Director Tracy Turbak sent a memo out to council members and Mayor Mike Huether. Turbak said he sent it out as a conversation starter, which is exactly what it has done.

Sioux Falls City Councilman Greg Jamison said, “I think this money should be used to pay off our debt. We took this money out to build those levees, so now we should pay that debt.”

That is just one of three options the memo gives council members. The problem with this option, Jamison said, is that the levees can't be paid off until 2018. Jamison said the $10 million should be used sooner to pay off other debts. Council woman Michelle Erpenbach agrees.

"This money was intended to pay off a loan, let's use it to pay off a debt," Erpenbach said.

Erpenbach said even though Sioux Falls has a strong economy, eliminating any debt would be a good idea.

"If we can avoid new payments, or if we can back off on the payments we have, that's the perfect solution," Erpenbach said.

But there's another option council members are considering. The money could be set aside in the capital reserve fund for a project. Even though Sioux Falls residents will have a chance to vote on it April, the council is discussing whether to use it for the indoor community pool at Spellerberg Park.

Councilman Kermit Staggers said if the council wants to use the money to benefit everybody that is not the way to spend it.

 "One way we can benefit all of the citizens of Sioux Falls is by not having an increase on property taxes," Staggers said.

Staggers said the $10 million could keep property taxes the same for about ten years.

 "Over the years, it (the rise) can be very devastating to people," Staggers said.

Staggers also said he would like to see the money used to help those who have lost their health care because of the Affordable Care Act.
   
Jamison said, "You could go down a list and see how you could directly impact the community by spending this money."

Another option would be to use the money to cover bond payments on the levee until 2019. Around $2.2 million is paid to the federal government each year using second penny sales tax. That money could then go towards other city projects or improvements.

As of right now, there is no deadline for when council members need to decide what to do with the money. They said hopefully by this summer, when they start to discuss the 2015 budget for the city, they will have a better idea of where it will be allocated.


< Prev Story Back To Top Next Story >
     

Storm Victims Struggle With FEMA's Rejection  story with video

The storms that rolled through South Dakota in mid-June brought destruction ...

Watertown Police: 2 Injured After Teen Fails To Stop At Sign

Two people were injured after police say a teen failed to stop at a ...

SD Crops Progressing But Farmers Flood Losses Loom

Soybean and corn crops are progressing well in South Dakota, though farmers ...

Black Hawk Native Helps Disable Roadside Bombs  Jul. 12

SD Gov. Asks SBA To Help June Storm Victims  Jul. 12

SDSU Named Innovation, Economic Prosperity University  Jul. 12

SD School Of Mines Hosting Neutrino Day  Jul. 12

South Dakota Beekeepers Meeting In Aberdeen  Jul. 12

Police Discuss Domestic Violence   story with video  Jul. 11

Family Park Diving Incident Gone Wrong  Jul. 11

Deadline Looms For SF School District Projects  story with video  Jul. 11

Teams To Begin Assessing Weather Damage On Monday  Jul. 11

SD Spring Wheat Crop Estimate Up 13 Percent  Jul. 11

Diver Hospitalized After Training Incident  Jul. 11

Plans Readied For MN Medical Marijuana Operation  Jul. 11

Judge Again Delays Closing Of Sioux City Casino  Jul. 11

SD Ends Another Budget Year With Surplus  Jul. 11

Update: SF Police Reconstructing Accident  story with video  Jul. 11

Update: Dead Couple's Son Found In WI  Jul. 11

Injury Accident Closes SF Intersection  Jul. 11

KDLT News Archive
     

Watertown Police: 2 Injured After Teen Fails To Stop At Sign

Two people were injured after police ...

Injury Accident Closes SF Intersection

An acident with serious injuries closed the ...

Update: Dead Couple's Son Found In WI

A man sought as a witness in the suspicious deaths of his ...

Update: SF Police Reconstructing Accident  story with video  Jul. 11

Family Park Diving Incident Gone Wrong  Jul. 11

Diver Hospitalized After Training Incident  Jul. 11

2 South Dakota Restaurants Honored For Wine Lists  Jul. 11

Police Discuss Domestic Violence   story with video  Jul. 11

KDLT News Archive
     

Wolters Winner Falls Short In Summer League Opener  story with video

LAS VEGAS, NV  --  Former South Dakota State ...

Mike Miller Leaving Memphis As Cleveland Rumors Swirl  story with video

Now that LeBron James has chosen to make his ...

Pierre's Rumrill Wins At Snowfox Invite  story with video

SIOUX FALLS, S. D.   --  Pierre's Wyatt Rumrill shined on the second day of ...

Westward Ho Pro Am Jam Begins  story with video  Jul. 11

Canaries Ground Air Hogs 4-0  story with video  Jul. 11

LeBron James Says He's Returning To Cavaliers  Jul. 11

SD Heat win Dakota Challenge title at Pentagon  story with video  Jul. 10

Ed Moses talks swimming in Sioux Falls  story with video  Jul. 10

KDLT Sports Stories
     
Back To Top