I still think this was one of the dumbest city council decisions in a long time. In fact two councilors told me they were opposed to it, and still voted for it anyway;
The city of Sioux Falls is issuing $30.8 million in bonds to pay for higher levees and other flood-control measures along the Big Sioux River and Skunk Creek.
The bonds were to be issued earlier this year, but the offering was shelved because city officials thought the Army Corps of Engineers would get about $11 million in federal stimulus money to finish its share of the project. That money never materialized.
Sioux Falls officials decided to pay for the project after the Federal Emergency Management Agency expanded the flood plain in the city, meaning about 1,600 more properties had to have flood insurance.
The city is pledging sales tax revenue for the bonds but might eventually be repaid by the federal government.
First off, like I have said in the past, we shouldn’t be subsidizing the FEDS, and secondly, we should not be borrowing money to build bridges, it should be budgeted into our 2nd penny budget, but since that kitty is dry from buying rock and wood thingies at McKennan Park for Quen Be De’s favorite park it looks like we are behind the eight ball once again. I can’t wait for the insanity that will be caused by closing 41st street down to 2 lanes next summer.