MMM? Master of Puppets?
From my email box;
As of December 31, 2012, City debt was $398,868,664. The most significant debt-related transaction since September was the final bond sale for the Events Center Project which occurred in October. At that time, the City raised the remaining $12.5 million needed to fund the Events Center.
Tracy D. Turbak, CPA – Finance Director – City of Sioux Falls, SD
In the Mayor’s State of the city address he talked about how our city was in great financial shape and that we have $45 million in reserves. I am no accountant, but I would think the $400,000 million dollar debt wouldn’t classify us being in ‘great financial shape.’
Also if you FF to almost the end of the informational you will see an interesting exchange between Jamison and Tracy Turbak. Jamison asks Tracy why the mayor has been holding press conferences without including the council (in reference to the Walmart announcement and the City Survey). Turbak told Greg that he wouldn’t answer the question because he didn’t think the question was ‘relevant’. Turbak didn’t answer the question because he knows the real answer, “I do what my boss tells me to do.” Jamison never did get an answer. A city official told me yesterday this issue is coming to a boiling point and something is gonna happen very soon. The rest of the council actually agree with Jamison on this issue. Prepare to see a battle royal between the council and mayor on this one. I hope the council holds it’s own press conference calling the mayor out on this issue.