Lets remember, the 5 Year Annual Capital Plan is just a plan, the only hear that is set is the first year. Many of these projects have been scheduled, or planned for a few years now such as the new police stations, and a fire station. The mayor recommends specific projects, and the City Council votes on whether or not to pursue them, or not. Keep in mind, the City of Sioux Falls has a tax base of roughly $400,000,000 in city tax revenues, whereas the remaining parts of the annual budget comes from federal grants, state grants, state funds, taxes, TIF monies, municipal and state bonds, federal tax monies, etc. In January of each year, the Mayor provides a State of Affairs Speech, in July, he provides his Annual Recommended Capital Project Plan, and around August 1st, he provides his Annual Budget. The City Council then must meet between August 1st to September 30th to discuss such capital plans, budget, agreeing or disagreeing on the mayors recommended budget, or to choose their own budget themselves.
Lets remember, the 5 Year Annual Capital Plan is just a plan, the only hear that is set is the first year. Many of these projects have been scheduled, or planned for a few years now such as the new police stations, and a fire station. The mayor recommends specific projects, and the City Council votes on whether or not to pursue them, or not. Keep in mind, the City of Sioux Falls has a tax base of roughly $400,000,000 in city tax revenues, whereas the remaining parts of the annual budget comes from federal grants, state grants, state funds, taxes, TIF monies, municipal and state bonds, federal tax monies, etc. In January of each year, the Mayor provides a State of Affairs Speech, in July, he provides his Annual Recommended Capital Project Plan, and around August 1st, he provides his Annual Budget. The City Council then must meet between August 1st to September 30th to discuss such capital plans, budget, agreeing or disagreeing on the mayors recommended budget, or to choose their own budget themselves.
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