SIOUX FALLS, SD (KELO-AM) Mayor Mike Huether sent a letter on Friday to the City Councilors regarding the state of the City of Sioux Falls. The letter is attached for your review.
In his letter, the Mayor writes that the City of Sioux Falls remains on solid financial ground as we continue to integrate sound business practices into City government. The City’s General Fund reserve ended the year well above the Council’s policy target of 25 percent of annual expenditures. The local economy experienced solid economic growth with the key economic indicators of taxable sales, construction permits, job growth, and unemployment all showing positive trends throughout 2013.
More information will be provided during Mayor Mike Huether’s State of the City address. The address will recap some of the major accomplishments of 2013, highlight the financial strength of Sioux Falls, and provide a look ahead at what we can expect in 2014 and beyond. The presentation will take place on Wednesday, March 26, at 1:30 p.m. at Carnegie Town Hall, 235 West Tenth Street. The public is encouraged to attend.